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P6-52 Calculating Present Values (LO1) A 20-year annuity of forty $5,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5

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P6-52 Calculating Present Values (LO1) A 20-year annuity of forty $5,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. a. If the discount rate is 7 percent compounded monthly, what is the value of this annuity 7 years from now? b. What is the current value of the annuity

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