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A 10-year annuity of twenty $10,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now If the

  1. A 10-year annuity of twenty $10,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now

    1. If the discount rate is 8% compounded monthly, what is the value of this annuity 7 years from now?

    2. What is the current value of the annuity?

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