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the answer is 61.85 the answer is 61.85 the answer is 1224.47 Problem 25.5 Annuity A offers to pay you $100 per annum, convertible continuously,

the answer is 61.85
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the answer is 61.85
image text in transcribed
the answer is 1224.47
image text in transcribed
Problem 25.5 Annuity A offers to pay you $100 per annum, convertible continuously, for the next five years. Annuity B offers you $ X at the end of each year for ten years. The annual effective interest rate i is 8%. Find X such that you are indifferent between the two annuities. Problem 25.13 A bank makes payments continuously at a rate of $400 a year. The payments are made between 5 and 7 years. Find the current value of these payments at time 2 years using an annual rate of discount of 4%. Problem 25.16 If i = 0.04, calculate the accumulated value of a continuous annuity payable at a rate of 100 per year for 10 years. Problem 25.5 Annuity A offers to pay you $100 per annum, convertible continuously, for the next five years. Annuity B offers you $ X at the end of each year for ten years. The annual effective interest rate i is 8%. Find X such that you are indifferent between the two annuities. Problem 25.13 A bank makes payments continuously at a rate of $400 a year. The payments are made between 5 and 7 years. Find the current value of these payments at time 2 years using an annual rate of discount of 4%. Problem 25.16 If i = 0.04, calculate the accumulated value of a continuous annuity payable at a rate of 100 per year for 10 years

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