QUESTION 12 At any moment t, a continuously-varying 5 year annuity makes payments at the rate of t² per year at moment t. The force of interest is 6%. Find the present value of this annuity. 31.0 O 32.7 33.3 36.0 37.7
QUESTION 12 At any moment t, a continuously-varying 5 year annuity makes payments at the rate of t² per year at moment t. The force of interest is 6%. Find the present value of this annuity. 31.0 O 32.7 33.3 36.0 37.7
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![QUESTION 12
At any moment t, a continuously-varying 5 year annuity makes payments at the rate of
t² per year at moment t. The force of interest is 6%.
Find the present value of this annuity.
31.0 O 32.7
33.3
36.0
37.7](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa01ee097-f855-4dd1-ba60-d8c28b608db8%2Ffa366eb0-7598-456f-aebc-f25bea53b5ee%2F19vw4yg_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 12
At any moment t, a continuously-varying 5 year annuity makes payments at the rate of
t² per year at moment t. The force of interest is 6%.
Find the present value of this annuity.
31.0 O 32.7
33.3
36.0
37.7
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