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Problem:

A 5 year annuity of ten $5,300 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

Required:

If the discount rate is 12 percent compounded monthly, what is the value of this annuity five years from now? Please present complete computation and also provide full description.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91146621

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