A 6-year annuity of twelve 5400 semiannual payments will, Ask an Expert

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A 6-year annuity of twelve $5,400 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

A. If the discount rate is 7 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.)

B. If the discount rate is 7 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.)

C. If the discount rate is 7 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
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