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The force of interest at time t is given by: S.0.02(1 + 0.3t), 05 An income stream is to be paid continuously for the period 0

The force of interest at time t is given by: S.0.02(1 + 0.3t), 05 An income stream is to be paid continuously for the period 0

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The force of interest at time t is given by: S0.02(1 + 0.3t), 0<t<5 | 0.05, t > 5 An income stream is to be paid continuously for the period 0 <t< 10. The annual rate of payment is e0.03t at time t. Calculate the present value of this income stream. (A) $8.8 O(B) $9.5 (C) $15.8 (D) $49.8 O(E) $50,5
Transcribed Image Text:The force of interest at time t is given by: S0.02(1 + 0.3t), 0<t<5 | 0.05, t > 5 An income stream is to be paid continuously for the period 0 <t< 10. The annual rate of payment is e0.03t at time t. Calculate the present value of this income stream. (A) $8.8 O(B) $9.5 (C) $15.8 (D) $49.8 O(E) $50,5
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