SOA Exam FM Sample Question 357
Study guide: Exam FM-2
An annuity has payments of 1000 at the beginning of every three months for six years. Another annuity has payments of X at the end of the first, third, and fifth years.
At an annual effective rate of 8%, the present values of the two annuities are equal.
Calculate X.
- A) 7931
- B) 7981
- C) 8033
- D) 8085
- E) 8137
Answer this question and see the worked solution