A 7-year annuity with fourteen semiannual payments of $12,200 will begin 13 years from now,...
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| A 7-year annuity with fourteen semiannual payments of $12,200 will begin 13 years from now, with the first payment coming 13.5 years from now. |
| If the discount rate is 13 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Value of the annuity | $ |
| If the discount rate is 13 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Value of the annuity | $ |
| If the discount rate is 13 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Value of the annuity | $ |
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