A 6-year annuity of twelve $7,375 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now.

a.	If the discount rate is 9 percent compounded semiannually, what is the value of this annuity five years and three 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 of the annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value in five years=

Value in three years=

Value today=