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28-02-2020
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A 5-year annuity of 14 $8,500 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 semiannually, what is the value of this annuity five years and three years from now?

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emaduet2012 emaduet2012

28-02-2020

Answer:

The Value of annuity five years from now : $148,336.59.

Value of the annuity three from now : $111,774.76

Value of annuity today : $124,355

Explanation:

See attached file for explanation.

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