Question
A 4-year annuity with eight semiannual payments of $8,200 will begin 7 years from now, with the first payment coming 7.5 years from now. If
A 4-year annuity with eight semiannual payments of $8,200 will begin 7 years from now, with the first payment coming 7.5 years from now. |
If the discount rate is 14 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.) |
Value of the annuity | $ |
If the discount rate is 14 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.) |
Value of the annuity | $ |
If the discount rate is 14 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Value of the annuity | $ |
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