A 5-year annuity of ten $3,000 semiannual payments will begin 8 years from now, with...
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Finance
A 5-year annuity of ten $3,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. Suppose that the discount rate is 12 percent compounded monthly.
a. What is the value of this annuity five years from now?
b. What is the value three years from now?
c. What is the current value of the annuity.
please answer all parts with formula.
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