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A 10-year annuity of twenty $9,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. a. If
| A 10-year annuity of twenty $9,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. |
| a. | If the discount rate is 13 percent compounded monthly, what is the value of this annuity 6 years from now? |
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| b. | What is the current value of the annuity? |
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
