Question
A 5-year annuity of ten $5,000 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 ten $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.
a. If the discount rate is 11 percent compounded monthly, what is the value of this annuity 4 years from now?
b. What is the current value of the annuity?
Please could you show me how to use the formula in excel if possible or calculator BA II Plus. Thank you.
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W Melicher, Edgar Norton
13th Edition
0470128925, 9780470128923
