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17. A 5year annuity of ten $4,000 semiannual payments will begin 8 years from now, with the rst payment coming 8.5 years from now. Suppose

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17. A 5year annuity of ten $4,000 semiannual payments will begin 8 years from now, with the rst payment coming 8.5 years from now. Suppose that the discount rate is 10 percent compounded monthly. a. What is the value of this annuity ve years from now? b. What is the value three years from now? c. What is the current value of the annuity

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