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1. An amount of 5,000 per year is received continuously from time 3 to time 6 (in years). Assuming an annual effective interest rate of
1. An amount of 5,000 per year is received continuously from time 3 to time 6 (in years). Assuming an annual effective interest rate of 3.25%, compute the accumulated value of this annuity at time 8?
Possible Answers A: 15,000 B:15,743 C:15,994 D:16,783 E:16,986
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