What is the current value of the annuity

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Reference no: EM131444346

A 7-year annuity of fourteen $5,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

If the discount rate is 8 percent compounded monthly, what is the value of this annuity five years from now?

If the discount rate is 8 percent compounded monthly, what is the value three years from now?

If the discount rate is 8 percent compounded monthly, what is the current value of the annuity?

Reference no: EM131444346

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