Annuity Definitions
Free SOA Exam FM (Financial Mathematics) lesson in Annuities and Non-Contingent Cash Flows. 14 min read, ~2,051 words.
Numerator is always. The denominator determines the type:,, or. Due = immediate. Denominator switches from to. Perpetuity: (immediate) or (due). Increasing arithmetic:. Geometric:. Growing perpetuity:. Accumulated value: keep the denominator, swap the numerator to. Continuous uses. Increasing arithmetic perpetuity:.
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 2a
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