The 5-year annuity of ten $12,600 semiannual payments will start 9 years from now, with first payment coming 9.5 years from now.
If discount rate is 14% compounded monthly, find value of the annuity five years from now?
If discount rate is 14% compounded monthly, find value three years from now?
If discount rate is 14% compounded monthly, find current value of annuity?