SOA Exam FM Sample Question 286
Study guide: Exam FM-2
A perpetuity pays 1 at the beginning of each three-month period. Another perpetuity pays X at the beginning of each four-year period. Using an annual effective interest rate of i, each perpetuity has a present value of 300.
Calculate X.
- A) 15.41
- B) 15.61
- C) 15.91
- D) 16.21
- E) 16.41
Answer this question and see the worked solution