Determine the value of this annuity five years from now
A 5-year annuity of ten $9,400 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 6 percent compounded monthly, what is the value of this annuity five years from now?
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A 5-year annuity of ten $9,400 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.
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