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A 3-year annuity of 5,000 quarterly payments starts in 5 years. The discount rate is 10%. A) What is the value of the annuity in

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A 3-year annuity of 5,000 quarterly payments starts in 5 years. The discount rate is 10%.

A) What is the value of the annuity in 5 years? B) what is the value of the annuity today? C) what is the value of the annuity in 7 years? D) what is the value of the annuity in 16 years? Explain your answer.

Please show work. Thank you.

1. a. An 3-year annuity of $5,000 quarterly payments starts in 5 years. The discount rate is 10%. What is the value of the annuity in 5 years? b. What is the value of the annuity today? What is the value of the annuity in 7 years? d. What is the value of the annuity in 16 years? Explain your answer. TE C

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