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Given an annual rate of payment of t at time t for 12 years and an annual effective rate of interest i=4%, find the PV

Given an annual rate of payment of t at time t for 12 years and an annual effective rate of interest i=4%, find the PV of this continuously increasing annuity.

Possible Answers

A

51.65

B

52.94

C

53.12

D

53.98

E

54.39

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