A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will provide monthly payments of S750 to his parents at the end of each month while he is gone. The interest rate he can obtain is 6% compounded monthly. 8. Over the 2 years, how much money will his parents receive from their son? 9. What is the amount of the annuity that he must buy now (present value) to generate these payments