SOA Exam FM Sample Question 359
Study guide: Exam FM-2
A perpetuity pays X at the end of the third year, 2X at the end of the sixth year, 3X at the end of the ninth year, etc.
At a 6% annual effective interest rate, the present value of the perpetuity is 655.56.
Calculate X.
- A) 2
- B) 17
- C) 20
- D) 33
- E) 39
Answer this question and see the worked solution