A 4-year annuity of eight 8200 semiannual payments will


A 4-year annuity of eight $8,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a) If the discount rate is 14 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.) b) If the discount rate is 14 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.) c) If the discount rate is 14 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.)

Request for Solution File

Ask an Expert for Answer!!
Business Economics: A 4-year annuity of eight 8200 semiannual payments will
Reference No:- TGS01285220

Expected delivery within 24 Hours