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1. M=51 a. Given that the force of interest per annum at time t is M Mt 8(t) = + 0.086e 10,000 10,000 i. Determine

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1. M=51 a. Given that the force of interest per annum at time t is M Mt 8(t) = + 0.086e 10,000 10,000 i. Determine the present value of $1 due at time t=10 ii. Determine the present value of a 10-year continuous payment stream at a constant rate of $1 per annum b. What is the effective annual rate of interest in the seventh year if the annual rate of simple interest is M 10,000

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