SOA Exam FM UPDATED Exam Questions and CORRECT Answers

SOA Exam FM UPDATED Exam Questions
and CORRECT Answers
accumulation function and amount function relation - CORRECT ANSWER - A(t) = A(0)
* a(t)


effective rate of interest - CORRECT ANSWER - i_t = { A(t) - A(t - 1) } / A(t - 1)



effective rate of discount - CORRECT ANSWER - d_t = { A(t) - A(t - 1) } / A(t)



all-in-one Relationship formula - CORRECT ANSWER -



simple interest - CORRECT ANSWER - a(t) = 1 + it



variable force of interest - CORRECT ANSWER - 1. δ_t = a'(t) / a(t)
2. AV = exp(∫ δ_t dt)


discount factor (v) - CORRECT ANSWER -



discount factor (d) - CORRECT ANSWER -



PV of annuity-immediate - CORRECT ANSWER -



AV of annuity-immediate - CORRECT ANSWER -



PV of annuity-due - CORRECT ANSWER -

, AV of annuity-due - CORRECT ANSWER -



PV of annuity-due to immediate - CORRECT ANSWER -



AV of annuity-due to immediate - CORRECT ANSWER -



deferred annuity - CORRECT ANSWER -



PV of perpetuity-immediate - CORRECT ANSWER -



PV of perpetuity-due - CORRECT ANSWER -



j-effective method - CORRECT ANSWER - (1 + j)^12 = (1 + i)



PV of arithmetic annuity-immediate - CORRECT ANSWER -



PV of an arithmetic perpetuity-immediate - CORRECT ANSWER -



PV of an arithmetic perpetuity-due - CORRECT ANSWER -



PV of a geometric annuity - CORRECT ANSWER -



PV geometric perpetuity - CORRECT ANSWER -



PV of a continuous annuity - CORRECT ANSWER -



PV of a continuous annuity to immediate - CORRECT ANSWER -