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( a ) Show from first principles that | ) = s ? b a r ( ) - n , where is constant for
a Show from first principles that where is constant for
the years.
b The force of interest is a linear function of time and has a value of
at time decreasing to at time whereafter it remains
constant.
A series of continuous payments are purchased, where the payments for the first
years are at the rate of per annum at time ; and those for the last
years are at rate per annum, where denotes the year of payment
measured since time
Calculate the accumulated amount at time of these continuous payments.
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