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There is an investment opportunity which pays back in the form of a 7-year annuity....

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There is an investment opportunity which pays back in the form of a 7-year annuity. This annuity will have fourteen $5,800 payments semiannually. The annuity will start 13 years from today, and the very first payment will be coming in 13.5 years from today. a. The rate of return on this annuity is 8 percent compounded monthly. Calculate the value of this annuity five years from today. (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) b. Now, instead, the rate of return on this annuity is 8 percent compounded monthly. Re- calculate the value of this annuity three years from today. (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) c. Finally, instead, the rate of return on this annuity is 8 percent compounded monthly. Calculate the current (i.e., today's) value of this annuity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value of the annuity b. Value of the annuity Value of the annuity C

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