Question: Please give step by step working using the actuarial method with formulas. Jane makes payments continuously at a rate of $30,000 per year. The payments

Please give step by step working using the actuarial method with formulas.

Jane makes payments continuously at a rate of $30,000 per year. The payments are made between year 2 and year 7. Find the accumulated value of these payments at year 11, using an annual effective interest rate of 8%.

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