A 20-year annuity of forty $6,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

A.. If the discount rate is 11 percent compounded monthly, what is the value of this annuity 5 years from now?

Answer choices:

• 61,102.92
• $94,684.97
• $68,173.68
• $10,220.50
• $59,880.87

B. What is the current value of the annuity?

Answer choices:

• 35,341.76
• $94,684.97
• $39,431.47
• $5,911.51
• $34,634.92

Thank you!!