Unformatted text preview: the 240 th month using: a. An interest rate of 6% compounded monthly; b. An annual effective interest rate of 6%. 4. Calculate the accumulated value at a constant force of interest of 5% of a 20 year continuous annuity which pays at the rate of (t+1)/2 per period at exact moment t. 5. Section 4.5 Problem 2 from the Book 6. Section 4.6 Problem 1 from the Book 7. Section 4.6 Problem 2 from the Book 8. Section 4.6 Problem 4 from the Book 9. Section 4.6 Problem 6 from the Book Answers 1. a. 6866.52 b. 6846.27 2. 45,561.82 3. a. 45,094.57 b. 44,518.37 4. 160.84 5.9. See the Book...
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 Fall '08
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 Math, Annuity, Effective Interest Rate

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