With total yearly payments of $10,000 for 10 years, compare the compound accumulated at the end of the 10 years if the payments are (1) at the end of the year, (2) weekly, and (3) continuous. The effective (annual) interest rate is 8 percent, and the payments are uniform. Also determine the present worth at time zero for each of the three types of payments.
Comment in case of any doubt.
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