A 5-year annuity of ten 8000 semiannual payments will begin, Ask an Expert

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A 5-year annuity of ten $8,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

If the discount rate is 8 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

If the discount rate is 8 percent compounded monthly, what is the value three years from now?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9994422

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