Find the present value of a six-year annuity of monthly payments of $150 if the annuity doesn't start until 3 years from now. Use 6% as the discount rate. a. Using the PVA and PV formulas b. Using the "PV" function in excel twice (nested) c. Create a table of the payments and calculate each present value, then sum the present values.

Find the present value of a six-year annuity of monthly payments of $150 if the annuity doesn't start until 3 years from now. Use 6% as the discount rate. a. Using the PVA and PV formulas b. Using the "PV" function in excel twice (nested) c. Create a table of the payments and calculate each present value, then sum the present values