Question
A 3-year annuity of six 5,000 semi-annual payments will begin 10 years from now, with the first payment coming 10.5 years from now. (Do not
A 3-year annuity of six 5,000 semi-annual payments will begin 10 years from now, with the first payment coming 10.5 years from now. (Do not round your intermediate calculations. Round your final answer to 2 decimal places (e.g., 32.16).)
| If the discount rate is 10 per cent compounded monthly, what is the value of this annuity 5 years from now? |
| Value of annuity |
| b. | If the discount rate is 10 per cent compounded monthly, what is the value 3 years from now? |
| Value of annuity |
| c. | If the discount rate is 10 per cent compounded monthly, what is the current value of the annuity? |
| Value of annuity |
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Finance For Housing An Introduction
Authors: Cathy Davis
1st Edition
1447306481, 978-1447306481
