Question: A 10-year annuity makes continuous payments. At time tt, the annuity pays at an annual rate of (303t)(303t). Time is measured in years. At an

A 10-year annuity makes continuous payments. At time tt, the annuity pays at an annual rate of (303t)(303t). Time is measured in years.

At an annual effective interest rate of 5%, calculate the present value of the annuity.

A. 128.31

B. 140.18

C. 144.51

D. 156.00

E. 201.03

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