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CHAPTER 4 #3: A 10-year annuity of 20 $6,000 se...

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CHAPTER 4 #3: A 10-year annuity of 20 $6,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. If the discount rate is 13 percent compounded monthly, the value of this annuity 4 years from now is $ . The current value of the annuity is $ . (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16))

 

Paper#11834 | Written in 18-Jul-2015

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