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A six-year annuity of $8500 quarterly payments will begin 9

Question : A six-year annuity of $8500 quarterly payments will begin 9 : 148570

A six-year annuity of $8500 quarterly payments will begin 9 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 2 years from now?

c) How much is this annuity worth today?

Solution
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