Question
A 20-year annuity of forty $12,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now. Required :
A 20-year annuity of forty $12,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now.
Required : (a) If the discount rate is 12 percent compounded monthly, what is the value of this annuity 4 years from now?
(b) What is the current value of the annuity?
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
