What is the current value of the annuity

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Reference no: EM13336178

A 6-year annuity of twelve $10,200 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: EM13336178

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