Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a 5-year annuity of ten $3,000 semiannual payments

A 5-year annuity of ten $3,000 semiannual payments will begin 8 years from now, with...

70.2K

Verified Solution

Question

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

SAT scores have a mean of 1000 and a standard deviation of 220. Q18: What is the...

Basic Math
Q

1. Based on your knowledge of excitation-contraction coupling and the symptoms in this case, what will...

Medical Sciences
Q

Discuss the findings of cross culture research on the anxiety disorders provide at least two examples...

Psychology
Q

Analyze how Apigee was able to drive innovation from its inception. (From Apigee: People Management Practices...

General Management
Q

An incompressible liquid travels as shown in fig 29 The speed of the fluid in...

Physics
Q

Differentiate the given function y with respect to x.The possible relative extrema can be found...

Basic Math
Q

Park rangers released 4 fish into a pond in year 0 Each year there were...

Basic Math
Q

3 Find a sin300 d sec 315 4 Convert b cos 120 e sec 90...

Calculus
Q

company's 2020 annual report. From the balance sheet From the income statement ($...

Accounting
Q

ABC Company authorized a $400,000, 2-year, 6% bond issue dated July 1, 2019, with semi-annual...

Accounting
Q

(CO A) Monitoring controls do not include management reports that identify nonconforming transactions. a company's...

Accounting
Q

\begin{tabular}{|c|c|c|c|c|} \hline \multirow{2}{*}{ ASSETS } & \multicolumn{2}{|c|}{\begin{tabular}{c} May 26, \\ 2019 \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} May...

Accounting