A 4-year annuity of eight $9,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 7 percent compounded monthly, what is the value of this annuity five years from now?
If the discount rate is 7 percent compounded monthly, what is the value three years from now?
If the discount rate is 7 percent compounded monthly, what is the current value of the annuity?