Question: A one - year deferred continuous varying annuity is payable for 1 2 years. The rate of payment at time t is t 2 1

A one-year deferred continuous varying annuity is payable for 12
years. The rate of payment at time t
is t21
per annum, and the force of interest at time t
is
11+t
. Find the present value of the annuity.

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