Question
In: Finance
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.
Solutions
Expert Solution
Present value of continuous increasing annuity
=
=
=
=
=247.698
jeff jeffy answered 2 years agoRelated Solutions
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