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A 5-year annuity of ten $10,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. a. If
A 5-year annuity of ten $10,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. |
a. If the discount rate is 11 percent compounded monthly, what is the value of this annuity 7 years from now? Options: 48,346.14 ; 74,917.08 ; 53,940.69 ; 16,348.44 ; 47,379.21 |
b. What is the current value of the annuity? Options: 22,463.55 ; 74,917.08 ; 25,063.01 ; 7,596.14 ; 22,014.28 |
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