A 3-year annuity of six £5,000 semi-annual payments will begin 10 years from now, with the first payment coming 10.5 years from now. (Do not round your intermediate calculations. Round your final...









A 3-year annuity of six £5,000 semi-annual payments will begin 10 years from now, with the first payment coming 10.5 years from now.(Do not round your intermediate calculations. Round your final answer to 2 decimal places (e.g., 32.16).)















Required:

a.
If the discount rate is 10 per cent compounded monthly, what is the value of this annuity 5 years from now?









  Value of annuity£










b.
If the discount rate is 10 per cent compounded monthly, what is the value 3 years from now?









  Value of annuity£










c.
If the discount rate is 10 per cent compounded monthly, what is the current value of the annuity?









  Value of annuity£


Jun 05, 2022
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