Financial Management A 4-year annuity of eight $6,200 semiannual payments will begin 7 years from now, with the first payment coming 7

Finance Oct 23, 2020

Financial Management A 4-year annuity of eight $6,200 semiannual payments will begin 7 years from now, with the first payment coming 7.5 years from now. If the discount rate is 7.2 percent compounded semiannually, what is the value of this annuity 4 years from now? a. $34,326 b. $33,871 c. $37,140 d. $36,842 e. $38,512

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