A 5-year annuity of ten $7,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now. a. If the discount rate is 7 percent compounded monthly, what is the value of this annuity 5 years from now? $40,959.76 $58,065.59 $43,920.74 $18,804.60 $40,140.56 b. What is the current value of the annuity? $28,893.22 $58,065.59 b. What is the current value of the annuity? $28,893.22 $58,065.59 $30,981.91 $13,264.86 $28,315.36