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The force of interest (t) at time t is given by (t) = 0.06 0 < t 6 (t) = 0.05 + 0.0002t 2 6
The force of interest (t) at time t is given by
(t) = 0.06 0 < t 6
(t) = 0.05 + 0.0002t2 6 < t 12
Calculate the accumulated value at time t = 12 of a continuous payment stream of 100 pa payable from time t = 0 to time t = 6.
Ans: 1,078.28
Please kindly do it manually. Thank you!
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