A 10 year continuous annuity pays at a rate of t at time t. If v^t = .94t, calculate the accumulated value of the annuity after ten years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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A 10 year continuous annuity pays at a rate
of t at time t. If v^t = .94t,
calculate the accumulated value of the
annuity after ten years.
Transcribed Image Text:A 10 year continuous annuity pays at a rate of t at time t. If v^t = .94t, calculate the accumulated value of the annuity after ten years.
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