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QUESTION
A six-year annuity of $10000 quarterly payments will begin 8 years from now. The discount rate is 9%, compounded quarterly. a. How much is this
A six-year annuity of $10000 quarterly payments will begin 8 years from now. The discount rate
is 9%, compounded quarterly.
a. How much is this annuity worth 5 years from now?
b. How much is this annuity worth today?
