What is the value of this annuity five years from now

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Reference no: EM13294885

A 7-year annuity of fourteen $12,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

If the discount rate is 13 percent compounded monthly, what is the value of this annuity five years from now?

If the discount rate is 13 percent compounded monthly, what is the value three years from now?

If the discount rate is 13 percent compounded monthly, what is the current value of the annuity?

Reference no: EM13294885

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