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Please show work, what's the right answer ? A 20-year annuity of forty $9,000 semiannual payments will begin 10 years from now, with the first

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Please show work, what's the right answer ?

A 20-year annuity of forty $9,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years from now. a. If the discount rate is 13 percent compounded monthly, what is the value of this annuity 7 years from now? Value at Year 13 $ 96,214.20 x b. What is the current value of the annuity? Value today $ 38,918.54 X

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