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) A 7-year annuity of $20,000 annual payments starts in 10 years. The discount rate is 12%. What is the value of the annuity in

  1. ) A 7-year annuity of $20,000 annual payments starts in 10 years. The discount rate is 12%.
    1. What is the value of the annuity in 10 years?
    2. What is the value of the annuity in 7 years?
    3. What is the value of the annuity today?
    4. What is the value of the annuity in 12 years?

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