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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