Exam FM topic · 20–30% syllabus weight

Exam FM Annuities and Non-contingent Cash Flows practice problems

Independently written solutions mapped to this official syllabus topic. Pages appear only after all required checks agree.

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What this topic tests

Annuities and Non-contingent Cash Flows covers level, due, deferred, increasing, decreasing, and geometrically varying payment streams. These practice problems test whether the payment dates—not the appearance of the formula—determine the correct present or accumulated value.

Draw the first and last payment dates, identify the rate per payment period, and then choose an annuity factor or direct cash-flow sum. TVM keys reproduce level annuities; varying streams often belong in the cash-flow worksheet or a written summation.

Typical failure modes

Using annuity-immediate for a stream whose first payment occurs at time zero
Applying the deferral factor from the wrong valuation date
Treating a payment frequency as though it were a cash-flow amount

Published ledger

Exam FM Annuities and Non-contingent Cash Flows practice problems and solutions

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Techniques that keep appearing in Annuities and Non-contingent Cash Flows

Each guide collects the questions above that turn on the same method, with the formulas and the errors that cost marks.

54 worked solutions

Exam FM Annuities and Perpetuities problems

Level, due, deferred, increasing, growing, and perpetual payment streams under consistent timing and rates.

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