Question: A 10-year decreasing annuity makes continuous payments at a rate of $200 per year in year 1, $180 per year in year 2, $160 per

A 10-year decreasing annuity makes continuous payments at a rate of $200 per year in year 1, $180 per year in year 2, $160 per year in year 3, and so on. No payments are made after the 10th year. The nominal annual interest rate compounded continuously is 6%. What is the present value of this annuity at time t=0?

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