What is the current value of the annuity

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Reference no: EM13721574

A five-year annuity of ten $8,000 semi annual 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 5 years from now? What is the value 3 years from now? What is the current value of the annuity?

Reference no: EM13721574

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