Question: = 0.03 + 0.02t, where t is time in years from now. What is the PV of a If the force of interest is given

= 0.03 + 0.02t, where t is time in years from

= 0.03 + 0.02t, where t is time in years from now. What is the PV of a If the force of interest is given by dt payment of $1989 7 years from now? (A) 986.71 (B) 988.21 (C) 987.71 (D) 986.21 (E) 987.21

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