What is the value of this annuity five years from now

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A 4-year annuity with eight semiannual payments of $11,400 will begin 7 years from now, with the first payment coming 7.5 years from now.

If the discount rate is 11 percent compounded monthly, what is the value of this annuity five years from now?

If the discount rate is 11 percent compounded monthly, what is the value three years from now?

If the discount rate is 11 percent compounded monthly, what is the current value of the annuity?

Reference no: EM131948847

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