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(please answer both questions) Find the PV of a 15-year annuity with continuous payments at the rate of $250 a year at a force of
(please answer both questions)
Find the PV of a 15-year annuity with continuous payments at the rate of $250 a year at a force of interest 8 = 3.9%.
a) 2799
b) 2839
c) 2853
d) 4225
e) 5096
Given an annual rate of payment of f(t)
= 2t + 8 at time t for 14 years and a force of interest = .02. Find the PV of this continuously varying payments annuity.
a) 228.09
b) 239.12
c) 244.15
d) 253.62
e) 260.67
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