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A 4-year annuity of eight $9,800 semi annual payments will begin 9 years from now, with the first payment coming 9.5 years from now.
If the discount rate is 7 percent compounded monthly, what is the value of this annuity five years from now?
Financial Management, Finance
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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