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A 15-year annuity of thirty $10,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. Required :
| A 15-year annuity of thirty $10,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. |
| Required : | |
| (a) | If the discount rate is 10 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 For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner, Jason Mose
5th Edition
0323415164, 9780323415163
