Question
A continuous varying annuity is payable for 20 years, starting at time t=2. The rate of payment at time t is per annum, and the
A continuous varying annuity is payable for 20 years, starting at time t=2. The rate of payment at time t is 
per annum, and the force of interest at time t is for 
. Find the present value of the annuity at t=0.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
