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Problem 6 - 5 2 Calculating Present Values [ LO 1 ] A 4 - year annuity of 8 $ 8 , 2 0 0
Problem Calculating Present Values LO
A year annuity of $ semiannual payments will begin years from now, with the first payment coming years from now. The discount rate is percent compounded monthly.
a What is the value of this annuity five years from now? Do not round intermediate calculations and round your answer to decimal places, eg
b What is the value three years from now? Do not round intermediate calculations and round your answer to decimal places, eg
c What is the current value of the annuity? Do not round intermediate calculations and round your answer to decimal places, eg
a Value at Year
b Value at Year
c Value today
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