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Find the present value of a continuous increasing annuity with a term of 10 years if...

Find the present value of a continuous increasing annuity with a term of 10 years if the force of interest is δ = 0.04 and if the rate of payment at time t is t^2 per annum.
Apparently the answer is 247.6978 but I'm not sure how to get it.

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Expert Solution

Present value of continuous increasing annuity

=

=

=

=

=247.698

jeff jeffy answered 2 years ago
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