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A 10-year annuity of 20 $8,900 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. If the
A 10-year annuity of 20 $8,900 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. If the discount rate is 8 percent compounded semiannually, what is the value of this annuity ten years and eight years from now? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) What is the value of the annuity today?
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