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A 6 - year annuity of 1 2 $ 7 , 0 0 0 semiannual payments will begin 9 years from now, with the first

A 6-year annuity of 12$7,000 semiannual payments will begin 9 years
from now, with the first payment coming 9.5 years from now. The discount
rate is 11 percent compounded monthly.
a. What is the value of this annuity five years from now? (Do not round
intermediate calculations and round your answer to 2 decimal places,
e.g.,32.16.)
b. What is the value three years from now? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What is the current value of the annuity? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,32.16.)
Answer is complete and correct.
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