Question
A 7-year annuity of fourteen $9,000 semiannual payments will begin 13 years from now, with the first payment coming 13.5 years from now. a. If
| A 7-year annuity of fourteen $9,000 semiannual payments will begin 13 years from now, with the first payment coming 13.5 years from now. |
| a. | If the discount rate is 12 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | If the discount rate is 12 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| c. | If the discount rate is 12 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Small Business Finance And Valuation
Authors: Rick Nason, Dan Nordqvist
1st Edition
1952538122, 9781952538124
