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The annual effective interest rate i = 9%. Find the accumulated value (after 6 years) of the annuity that offers payment at a continuous rate

The annual effective interest rate i = 9%. Find the accumulated value (after 6 years) of the annuity that offers payment at a continuous rate of $1000 per annum for 4 years. After 4 years, payment terminates, but the balance still earns interest during the 5th and 6th year.

Select one:

a. 5674.32cross out

b. 5945.78cross out

c. 6152.84cross out

d. None of these answerscross out

e. 5891.93

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