An n-year continuously paid unit annuity is a continuous payment stream paid at a constant rate such
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An n-year continuously paid unit annuity is a continuous payment stream paid at a constant rate such that a total of $1 is received each year. Determine an expression for the present value (at t = 0) of an n-year continuously paid unit annuity under a constant force of interest δ.
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We consider a continuous payment stream of rate 1 over 0 n That i...View the full answer
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Related Book For 
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
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