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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/21/2011 03:52

Monday, November 21, 2011

Question FM 11/21/2011 03:52

Determine the accumulated value at time 10 years of payments that are received continuously over each year. The payment is $\$105$ during the first year, $\$110$ during the second year, $\$115$ during the third year, and so on, up to the last payment of $\$150$ in year 10. The annual effective interest rate is $6\%$.

Ans : $100\bar{s}_{\bar{10}}+5(\bar{Is})_{\bar{10}}$

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