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A 7 - year annuity of 1 4 $ 7 , 4 0 0 semiannual payments will begin 9 years from now, with the first
A year annuity of $ semiannual payments will begin years from now, with the first payment coming years from now. The discount rate is percent compounded monthly.
a What is the value of this annuity five years from now? Do not round intermediate calculations and round your answer to decimal places, eg
b What is the value three years from now? Do not round intermediate calculations and round your answer to decimal places, eg
c What is the current value of the annuity? Do not round intermediate calculations and round your answer to decimal places, eg
a Value at Year
b Value at Year
c Value today
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