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A 5-year annuity of ten $4,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. If the
A 5-year annuity of ten $4,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. If the discount rate is 10 percent compounded monthly,
a) What is the value of this annuity five years from now?
b) What is the value of this annuity four years from now?
c) What is the value of this annuity three years from now?
d) What is the current value of this annuity?
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Finance A Quantitative Introduction
Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
