A six-year annuity of twelve $8,250 semiannual payments will begin nine years from now, with the first
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A six-year annuity of twelve $8,250 semiannual payments will begin nine years from now, with the first payment coming 9.5 years from now. If the discount rate is 8 percent compounded semiannually, what is the value of this annuity five years from now? What is the value three years from now? What is the current value of the annuity?
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The time line is Here we need to find the present value of an annuity at several different time...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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