Business, 16.06.2021 15:20 querty2400
There is an investment opportunity which pays back in the form of a 7-year annuity. This annuity will have fourteen $7,400 payments semiannually. The annuity will start 13 years from today, and the very first payment will be coming in 13.5 years from today.
Required:
a. If the discount rate is 12 percent compounded monthly, what is the value of this annuity five years from now?
b. If the discount rate is 12 percent compounded monthly, what is the value three years from now?
c. If the discount rate is 12 percent compounded monthly, what is the current value of the annuity?
Answers: 3
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