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A 10-year annuity of twenty $12,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. a. If the discount rate is 9 percent compounded monthly, what is the value of this annuity 7 years from now? Value at Year 9 ok $108,249.48 $154,948.88 $118,404.02 $ 27,594.66 $106,084.49 Ant rences b. What is the current value of the annuity? Value today Next A