exercise:C70a6d365d: Difference between revisions
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(Created page with "'''Solution: A''' The 3-year interest rate is <math>1.07^3-1=0.225043</math> Then, <math display = "block"> 735=X\ddot{a}_{\overline{\infty}|0.225043}=X\,\frac{1.225043}{0.225043}=5.443595X\,\,\,\mathrm{and}\,X=735/5.443595=135.02. </math> {{soacopyright | 2023 }}") |
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The present value of a perpetuity-due with payments of X at the beginning of each 3-year period with an annual effective interest rate of 7% is 735. | |||
Calculate X. | |||
<ul class="mw-excansopts"><li>135</li><li>138</li><li>141</li><li>144</li><li>147</li></ul> | |||
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{{soacopyright | 2023 }} | {{soacopyright | 2023 }} | ||
Latest revision as of 11:54, 18 November 2023
The present value of a perpetuity-due with payments of X at the beginning of each 3-year period with an annual effective interest rate of 7% is 735.
Calculate X.
- 135
- 138
- 141
- 144
- 147
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.