SOA Exam FM Sample Question 278
Study guide: Exam FM-2
Two immediate annuities have the following characteristics:
- X: Pays
1/m,mtimes per year, for 10 years - Y: Pays
Pat the end of years 2, 4, 6, 8, and 10
You are given:
i) The accumulated value at time 1 of 1/m paid at times 1/m, 2/m, …, 1 is 1.0331.
ii) s_{\overline{2}|} = 2.075.
iii) The present value of X equals the present value of Y.
Calculate P.
- A) 1.94
- B) 2.01
- C) 2.03
- D) 2.07
- E) 2.14
Answer this question and see the worked solution