Question: 5.35. A varying continuous life annuity is issued to a life aged 40. The rate of payment is $3500 per annum in the first year

5.35. A varying continuous life annuity is issued to a life aged 40. The rate of payment is $3500 per annum in the first year and increases by $400 each year. Find the present value of the annuity at a 6% annual rate of interest.

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