SOA Exam FM Sample Question 247
Study guide: Exam FM-2
The amount that must be invested at i\% (0\% < i\% < 10\%) to accumulate to Y at the end of three years at an annual rate of:
i) simple interest of i\% is Q
ii) compound interest of i\% is R
iii) simple discount of i\% is S
iv) compound discount of i\% is T
Determine which of the following is true.
- A)
Q < R < S < T - B)
R < Q < S < T - C)
S < T < R < Q - D)
T < S < Q < R - E)
T < S < R < Q
Answer this question and see the worked solution