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THE ANSWER IS SUPPOSED TO BE 220+ln(23/3). PLEASE SHOW ALL WORK 1. [1.5 pts ] A continuous varying annuity is payable for 20 years, starting
THE ANSWER IS SUPPOSED TO BE 220+ln(23/3). PLEASE SHOW ALL WORK
1. [1.5 pts ] A continuous varying annuity is payable for 20 years, starting at t=2. The rate of payment at time t is t2 per year. Suppose the force of interest at time t is t=1/(t+1) for t0. Find the present value of the annuity at t=0Step by Step Solution
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