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A five-year annuity of $150 monthly payments starts in three years. The discount rate is 12% compounded monthly. a. What is the value of the
A five-year annuity of $150 monthly payments starts in three years. The discount rate is 12% compounded monthly.
a. What is the value of the annuity today?
b. What is the value of the annuity in 3 years?
c. What is the value of the annuity in 5 years?
d. What is the value of the annuity in 10 years?
Please no Excel. Id like to see it used in a formula.
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