Question
Question A 6-year annuity of twelve $11,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If
Question
| A 6-year annuity of twelve $11,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. |
| If the discount rate is 12 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Value of the annuity | $ |
| If the discount rate is 12 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.) |
| Value of the annuity | $ |
| If the discount rate is 12 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Value of the annuity | $ |
Please proper explain and do not copy from Chegg. Otherwise i have to report the answer.
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
