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Problem 6-52 Calculating Present Values [LO1] A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming
Problem 6-52 Calculating Present Values [LO1] A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. The discount rate is 9 percent compounded monthly. a. What is the value of this annuity five years from now? (Do not round intermediate b. What is the value three years from now? (Do not round intermediate calculations c. What is the current value of the annuity? (Do not round intermediate calculations calculations and round your answer to 2 decimal places, e.g., 32.16.) and round your answer to 2 decimal places, e.g., 32.16.) and round your answer to 2 decimal places, e.g., 32.16.) a. Value at Year 5 b. Value at Year 3 c. Value today
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