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A continuous annuity pays out at a rate of ct = 500 exp(0.04t) from time 5 until time 10. What is the accumulated value at
A continuous annuity pays out at a rate of ct = 500 exp(0.04t) from time 5 until time 10. What is the accumulated value at time 10 if the annual effective interest rate is 0.08? Round your answer to two decimal places.
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