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Only mathematical solution, no excel work please! 1. An investor is considering a purchase of a twenty year continuous annuity, starting immediately, with the payment

Only mathematical solution, no excel work please!
1. An investor is considering a purchase of a twenty year continuous annuity, starting immediately, with the payment rate of o (t) = . The force of interest is 8 = 7.00%. How much would the present value of the annuity be reduced if the investor only received the annuity over 15 years and the force of interest were 8 = 10.00% instead

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