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A 5-year annuity of ten $5,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now. a. If
A 5-year annuity of ten $5,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now.
a. If the discount rate is 7 percent compounded monthly, what is the value of this annuity 5 years from now?
$29,256.97; $41,475.42; $31.371.96; $13,431.86; $28,671.83 ( The answer will be one of this numbers)
b. What is the current value of the annuity?
$20, 638.01; $41,475.42; $22,129.94; $9,474.90; $20,225.25 ( The answer will be one of this numbers)
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