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A 15-year annuity of thirty $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. Required: (a)lf
A 15-year annuity of thirty $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. Required: (a)lf the discount rate is 6 percent compounded monthly, what is the value of this annuity 4 years from now? (Click to select) (b)What is the current value of the annuity? (Click to select)
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