q37

A 20-year annuity of forty $10,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a. If the discount rate is 13 percent compounded monthly, what is the value of this annuity 4 years from now? $ 72,532.51 $138,454.15 $ 82,544.35 $ 11,409.83 b. What is the current value of the annuity? $ 43,242.82 $138,454.15 $ 49,211.74 $ 6,802.38