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Chapter 3. Annuities. Manual for SOA Exam FM/CAS Exam 2.
 

Summary: 1/16
Chapter 3. Annuities.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 3. Annuities.
Section 3.3. Level payment perpetuities.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam FM/CAS Exam 2,
Financial Mathematics. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam FM/CAS Exam 2.
2/16
Chapter 3. Annuities. Section 3.3. Level payment perpetuities.
A perpetuity is a series of payments made forever along equal
intervals of time. By a change of units, we will assume that
intervals have unit length.
The payments can be made either at the beginning or at the end
of the intervals.
A perpetuity has level payments if all payments Cj , j 0, are
equal.

  

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

 

Collections: Mathematics