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A 10-year annuity of twenty $9,000 semiannual payments will begin 12 years from now, with the first payment coming 12.5 years from now! a. If

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A 10-year annuity of twenty $9,000 semiannual payments will begin 12 years from now, with the first payment coming 12.5 years from now! a. If the discount rate is 9 percent compounded monthly, what is the value of this annuity 9 years from now? b. What is the current value of the annuity

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