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A 5-year annuity of 10 $10,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If
A 5-year annuity of 10 $10,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. |
a. | If the discount rate is 9 percent compounded semiannually, what is the value of this annuity five years and three years from now? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
b. | What is the value of the annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
using Financial Calculator please
Thank you!
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