Question: Present Value found in previous question is 225.32. QUESTION 10 You are given the following info: The annual effective interest rate is 4%. S is

Present Value found in previous question is 225.32.

QUESTION 10 You are given the following info: The annual effective interest rate is 4%. S is the future value (i.e. value at time t = 0) of a four year continuous annuity where the payment rate is described by p(t) = 4t, where t is time in years. Find S. Give your answer as a decimal rounded to two places (i.e. X.XX). Note: If you got (9), then (10) shouldn't be too bad

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