What is the current value of the annuity

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A 5-year annuity of ten $8,000 semiannual payments will begin nine years from now, with the first payment coming 9.5 years from now. If the discount rate is 8% compounded monthly, what is the value of this annuity five years from now? What is the value three years from now? What is the current value of the annuity?

Reference no: EM133273032

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