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A 15-year annuity of 30 semiannual payments of $11,000 each will begin 9 years from now, with the first payment coming 9.5 years from now.
A 15-year annuity of 30 semiannual payments of $11,000 each will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 7 percent compounded monthly, what is the value of this annuity 6 years from now? What is the current value of the annuity
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
