A 7-year annuity of fourteen $5,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. The discount rate is 8 percent compounded monthly. What is the...


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A 7-year annuity of fourteen $5,800 semiannual payments will begin 9 years from now,<br>with the first payment coming 9.5 years from now. The discount rate is 8 percent<br>compounded monthly.<br>What is the value of this annuity five years from now? (Do not round intermediate<br>calculations and round your answer to 2 decimal places, e.g., 32.16.)<br>b. What is the value three years from now? (Do not round intermediate calculations<br>and round your answer to 2 decimal places, e.g., 32.16.)<br>What is the current value of the annuity? (Do not round intermediate calculations<br>and round your answer to 2 decimal places, e.g., 32.16.)<br>а.<br>с.<br>Value at Year 5<br>$<br>39,773.97 X<br>a.<br>b.<br>Value at Year 3<br>$<br>33,998.96 X<br>Value today<br>2$<br>26,869.87 X<br>с.<br>

Extracted text: A 7-year annuity of fourteen $5,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. The discount rate is 8 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.) b. 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.) 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.) а. с. Value at Year 5 $ 39,773.97 X a. b. Value at Year 3 $ 33,998.96 X Value today 2$ 26,869.87 X с.

Jun 10, 2022
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