What is the value of this annuity five years from now

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A 6-year annuity of twelve $5,400 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. If the discount rate is 7 percent compounded monthly, what is the value of this annuity five years from now? If the discount rate is 7 percent compounded monthly, what is the value three years from now? If the discount rate is 7 percent compounded monthly, what is the current value of the annuity?

Reference no: EM131051270

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