Question
A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the
A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.
| If the discount rate is 9 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Value of the annuity | $ 34,131.00 |
| If the discount rate is 9 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Value of the annuity | $ 28528.00 |
| If the discount rate is 9 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Value of the annuity | $ |
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
