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An 3-year annuity of $4,000 quarterly payments starts in 5 years. The discount rate is 10%. What is the value of the annuity in 5

  1. An 3-year annuity of $4,000 quarterly payments starts in 5 years. The discount rate is 10%.
    1. What is the value of the annuity in 5 years?
    2. What is the value of the annuity today?
    3. What is the value of the annuity in 7 years?
    4. What is the value of the annuity in 16 years? Explain your answer.

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