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A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the

A 5-year annuity of ten $6,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

If the discount rate is 9 percent compounded monthly, what is the current value of this annuity?

(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Please show how you got your answer...DO NOT USE EXCEL.. I need to be able to do this problem by hand.

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