SOA Exam FM Sample Question 412
Study guide: Exam FM-2
A two-year annuity-immediate with level annual payments has a Macaulay duration of D using a force of interest of \delta.
Determine D.
- A)
\dfrac{1+2e^{-\delta}}{1+e^{-\delta}} - B)
\dfrac{1+2e^{-2\delta}}{1+e^{-\delta}} - C)
\dfrac{1+e^{-2\delta}}{1+e^{-\delta}} - D)
\dfrac{1+e^{-\delta}}{1+e^{-2\delta}} - E)
\dfrac{1+2e^{-\delta}}{1+e^{-2\delta}}
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