What is the value of this annuity nine years and seven years

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A 9-year annuity of 18 $8,800 semiannual payments will begin 10.5 years from now, with the first payment coming 11 years from now. If the discount rate is 12 percent compounded semiannually, what is the value of this annuity nine years and seven years from now?

Reference no: EM131185106

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