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A 5-year annuity of ten $12,000 semiannual payments will begin 12 years from now, with the first payment coming 12.5 years from now. Required :
A 5-year annuity of ten $12,000 semiannual payments will begin 12 years from now, with the first payment coming 12.5 years from now. |
Required : | |
(a) | If the discount rate is 14 percent compounded monthly, what is the value of this annuity 8 years from now? |
(Click to select) 83,480.96 54,984.41 13,496.46 47,839.90 46,883.11 |
(b) | What is the current value of the annuity? |
(Click to select) 15,710.72 83,480.96 16,843.05 4,432.26 15,396.50 |
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