24 82 ints eBook Print References A 5-year annuity of 14 $8,500 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If the discount rate is 9 percent compounded semiannually, what is the value of this annuity five years and three years from now? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. What is the value of the annuity today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Value five years from today Value three years from today b. Value today

A 5 -year annuity of 14$8,500 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If the discount rate is 9 percent compounded semiannually, what is the value of this annuity five years and three years from now? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.9., 32.16. b. What is the value of the annuity today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16