Value of this annuity five years, Finance Basics

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Value of this annuity five years

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A 4-year annuity of eight $9,800 semiannual payments will begin 7 years from now, with the first payment coming 7.5 years from now. If the discount rate is 7 percent compounded monthly,

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Question: What is the value of this annuity five years from now?

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Finance Basics: Value of this annuity five years

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