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Find the present values of the following annuities on December 31, 2020 assuming that payments are made continuously. Use a 5% force of interest and
Find the present values of the following annuities on December 31, 2020 assuming that payments are made continuously. Use a 5% force of interest and let January 1,2021 represent t=0
a) Payments at the rate of $20,000 per year starting in 2021 and continuing for ever.
b) Payments at the rate p(t) = 8000e^0.02t 0 10
c) Payments at the rate p(t) =
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