17. Repeat exercise 16, in the case where the annuity is continuously payable, and continuously increasing, so

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17. Repeat exercise 16, in the case where the annuity is continuously payable, and continuously increasing, so that the annualized rate of payment at time t is CðtÞ ¼

1000ð1:08Þt. (Hint: Consider converting the 8% annual rate to another basis.)

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Introduction To Quantitative Finance A Math Tool Kit

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Authors: Robert R. Reitano

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17. Repeat exercise 16, in the case where the annuity is continuously payable, and continuously increasing, so

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Introduction To Quantitative Finance A Math Tool Kit

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