Question: Problem 4 - 4 8 Calculating Present Values A 5 - year annuity of ten $ 6 , 2 0 0 semiannual payments will begin

Problem 4-48 Calculating Present Values
A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.
a. If the discount rate is 9 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 9 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 9 percent compounded monthly, what is the current value of the annulty? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
\table[[a. Value of the annuity,],[b. Value of the annuity,],[c. Value of the annuity,]]
 Problem 4-48 Calculating Present Values A 5-year annuity of ten $6,200

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