Question: A five year annuity of 10 5 300 semiannual payments will begin
A five-year annuity of 10 $5,300 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 12 percent compounded monthly, what is the value of this annuity five years from now? What is the value three years from now? What is the PV of the annuity?
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