What is the value of this annuity five years from now

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Reference no: EM131825087

A 6-year annuity with twelve semiannual payments of $8,600 will begin 11 years from now, with the first payment coming 11.5 years from now.

If the discount rate is 15 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of the annuity $

If the discount rate is 15 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of the annuity $

If the discount rate is 15 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of the annuity $

Reference no: EM131825087

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