Question: Problem 25.13 A bank makes payments continuously at a rate of $400 a year. The payments are made between 5 and 7 years. Find the

 Problem 25.13 A bank makes payments continuously at a rate of

Problem 25.13 A bank makes payments continuously at a rate of $400 a year. The payments are made between 5 and 7 years. Find the current value of these payments at time 2 years using an annual rate of discount of 4%

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