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Aif the discount rate is 8 percent compounded monthly what

A 10-year annuity of twenty $9,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

Required:

(a) If the discount rate is 8 percent compounded monthly, what is the value of this annuity 5 years from now?

(b) What is the current value of the annuity?

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Finance Basics: Aif the discount rate is 8 percent compounded monthly what

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Finance Basics: Aif the discount rate is 8 percent compounded monthly what

Reference No:- TGS02199192

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