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The Infinite Actuary, LLC 25 Joint Exam 2/FM (A.2.P Problem Set C) 125. Mark receives 500,000 at his retirement. He invests 500,000 – X in an annual payment 10 year annuity-immediate and X in an annual payment perpetuity-immediate. His total annual payments received during the first 10 years are twice as large as those received thereafter. The annual effective rate of interest is 6%. Calculate X. (A) 345,835 (B) 346,335 (C) 346,835 (D) 347,335 (E) 347,835
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The Infinite Actuary, LLC 25 Joint Exam 2/FM (A.2.P Problem Set C)
125. Mark receives 500,000 at his retirement. He invests 500,000 X
in an annual payment 10 year annuity-immediate and X in an
annual payment perpetuity-immediate.
His total annual payments received during the first 10 years are
twice as large as those received thereafter.
The annual effective rate of interest is 6%.
Calculate X.
(A) 345,835
(B) 346,335
(C) 346,835
(D) 347,335
(E) 347,835
