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I Love Finance, Inc. sells 6-year annuities. A buyer of this annuity receives twelve semiannual cash flows in the amount of $5,400 each at the

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I Love Finance, Inc. sells 6-year annuities. A buyer of this annuity receives twelve semiannual cash flows in the amount of $5,400 each at the end of each six months. I Love Finance, Inc. will begin these annuity payments in 11 years, and so the first semiannual cash flow will be received by the buyer in 11.5 years. a. The annuity's rate of return is 7 percent per year, compounded monthly. An investor buying it in five years will have to pay $. (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) b. An investor buying it in three years will have to pay $. (Assume the same rate of return structure as in part (a).) (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) c. An investor buying it today will have to pay $ _. (Again assume the same rate of return structure as in part (a).) (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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