Question
Please help me with using the BA II Plus Financial Calculator to solve this! Instructions on how to solve on the calculator please! A 8-year
Please help me with using the BA II Plus Financial Calculator to solve this! Instructions on how to solve on the calculator please!
A 8-year annuity of 16 $8,700 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now.
Requirement 1: |
If the discount rate is 11 percent compounded semiannually, what is the value of this annuity eight years and six years from now? (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
Value of the annuity | |
Eight years | $ |
Six years | $ |
Requirement 2: |
What is the value of the annuity today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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