SOA Exam FM Sample Question 310
Study guide: Exam FM-2
An insurance company purchases a perpetuity-due at an annual effective yield rate of 12.5% for 9450. The perpetuity provides annual payments according to the repeating three-year pattern 100, X, 100, 100, X, 100, 100, X, 100, ... .
Calculate X.
- A) 2950
- B) 2963
- C) 3321
- D) 3344
- E) 3359
Answer this question and see the worked solution