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Calculating Present Values: A five year annuity of 1 0 $ 5 , 5 0 0 semiannual payments will begin 9 vears from now. with

Calculating Present Values: A five year annuity of 10 $5,500 semiannual payments will begin 9 vears from now. with the frst payment coming 9.5 years from ow. If the discount rate is 8 percent compounded months. what is the value of this annuity five years from now? What is the value three years from now? What is the current value of the annuity?

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