A five-year annuity of ten $5,230 semiannual payments will begin nine and a half years...
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| A five-year annuity of ten $5,230 semiannual payments will begin nine and a half years from now, with the first payment coming nine and a half years from now. |
| a. | If the discount rate is 10 percent compounded monthly, what is the value of this annuity five years from now? |
| b. | If the discount rate is 10 percent compounded monthly, what is the value three years from now? |
| c. | If the discount rate is 10 percent compounded monthly, what is the current value of the annuity? |
Note: I would like to learn how to do this in excel. Please answer with Excel formulate, if possible.
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