1. M=51 a. Given that the force of interest per annum at time t is M...

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1. M=51 a. Given that the force of interest per annum at time t is M Mt 8(t) = +0.086e 10,000 i. ii. 10,000 Determine the present value of $1 due at time t=10 Determine the present value of a 10-year continuous payment stream at a constant rate of $1 per annum b. What is the effective annual rate of interest in the seventh year if the annual rate of simple interest is M 10,000 1. M=51 a. Given that the force of interest per annum at time t is M Mt 8(t) = +0.086e 10,000 i. ii. 10,000 Determine the present value of $1 due at time t=10 Determine the present value of a 10-year continuous payment stream at a constant rate of $1 per annum b. What is the effective annual rate of interest in the seventh year if the annual rate of simple interest is M 10,000

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a i To determine the present value of 1 due at time t10 we need to calculate the present value using ... View the full answer