Question
A 4-year annuity of eight $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the
| A 4-year annuity of eight $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. |
| If the discount rate is 6 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| If the discount rate is 6 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| If the discount rate is 6 percent compounded monthly, what is the current value of the annuity? |
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The Evolution Of Finance
Authors: Barbara Guth
1st Edition
1633377261, 978-1633377264
