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A 10-year annuity of twenty $4,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. a. If

A 10-year annuity of twenty $4,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. a. If the discount rate is 8 percent compounded monthly, what is the value of this annuity 3 years from now? b. What is the current value of the annuity

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