Question: 106. Nancy receives a payment stream from time 2 to time 7 years that pays an annual rate of 2t - 3 at time t.

106. Nancy receives a payment stream from time 2 to time

106. Nancy receives a payment stream from time 2 to time 7 years that pays an annual rate of 2t - 3 at time t. The force of interest is constant at 6% over this period. Calculate the accumulated value at time 7 years. Answer: 33.53

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