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A 20-year annuity of forty $12,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. 2 Required:

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A 20-year annuity of forty $12,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. 2 Required: (a)lf the discount rate is 11 percent compounded monthly, what is the value of this annuity 6 years from now? (Click to select) 10 points (b)What is the current value of the annuity? (Click to select) 01:06:28

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