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A 5-year annuity of ten $9,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If

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A 5-year annuity of ten $9,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If the discount rate is 8 percent compounded monthly, what is the value of this annuity 4 years from now? b. What is the current value of the annuity

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