The force of interest, X, at time ,t, is given by X(t) = 0.02 for 0 < t< 5 and X(t) = 0.05 for t ≥ 5 Calculate the present value at time 0 of payment stream of £600 per unit time payable continuously between time 2 and time 14. no tables, only formulas, please

Calculus: Early Transcendentals
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Author:James Stewart
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Chapter1: Functions And Models
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Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The force of interest, X, at time ,t, is given by X(t) = 0.02 for 0 < t< 5 and X(t) = 0.05 for t ≥ 5

Calculate the present value at time 0 of payment stream of £600 per unit time payable continuously between time 2 and time 14. no tables, only formulas, please

 

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can you do the same but given that X(t) = 0.03 for 0 < t< 5 and X(t) = 0.08 for t ≥ 5 and payment stream of £650, thanks

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