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A 5-year annuity of ten $4,000 semiannual payments will begin 8 years from now, with the...

A 5-year annuity of ten $4,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. If the discount rate is 10 percent compounded monthly,
a) What is the value of this annuity five years from now?
b) What is the value of this annuity four years from now?
c) What is the value of this annuity three years from now?
d) What is the current value of this annuity?
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Answer #1

Formula Used:-

Value of Annuity 5 years from now=PV(C47,6,0,-C50)

value of annuity 4 years from now=PV(C47,8,0,-C50)

value of annuity 3 years from now=PV(C47,10,0,-C50)

value of annuity currently=PV(C47,16,0,-C50)

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