Question
A 7-year annuity of fourteen $5,400 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. If the
A 7-year annuity of fourteen $5,400 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now.
| If the discount rate is 8 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 | $ |
| If the discount rate is 8 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 | $ |
| If the discount rate is 8 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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Standards Of Value
Authors: Jay E. Fishman, Shannon P. Pratt, William J. Morrison
2nd Edition
1118138538, 978-1118138533
