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A 15-year annuity of thirty $10,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If

A 15-year annuity of thirty $10,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

a. If the discount rate is 7 percent compounded monthly, what is the value of this annuity 5 years from now?

b. What is the current value of the annuity?

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