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A 10-year annuity of twenty $11,000 semiannual payments will begin 12 years from now, with the first payment coming 12.5 years from now. a. If

A 10-year annuity of twenty $11,000 semiannual payments will begin 12 years from now, with the first payment coming 12.5 years from now.

a. If the discount rate is 12 percent compounded monthly, what is the value of this annuity 9 years from now?

b. What is the current value of the annuity?

i need it in excel formulas

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