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A 7 - year annuity of fourteen $ 1 0 , 6 0 0 semiannual payments will begin 1 3 years from now, with the

A 7-year annuity of fourteen $10,600 semiannual payments will begin 13 years from now, with the first payment coming 13.5 years from now.
a. If the discount rate is 9 percent compounded monthly, 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. If the discount rate is 9 percent compounded monthly, 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. If the discount rate is 9 percent compounded monthly, 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 but not entirely correct.
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