A 4-year annuity of eight 5000 semiannual payments will, Ask an Expert

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A 4-year annuity of eight $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

If the discount rate is 6 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

If the discount rate is 6 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

If the discount rate is 6 percent compounded monthly, what is the current value of the annuity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92059309

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