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A 5-year annuity of ten $4,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now. a. If

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A 5-year annuity of ten $4,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now. a. If the discount rate is 9 percent compounded monthly, what is the value of this annuity 6 years from now? b. What is the current value of the annuity? b. What is the current value of the annuity

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