Pricing Debt

5. Find the expected price of an annuity that pays $1,000 per month over 30 years that pays a 1.2% monthly discount rate? 6. Find the expected price (present value) of an annuity that pays $500 per year for 10 years with a 7% discount rate. Oh, and the annuity doesn't start paying for 3 years (hint: start from the previous question's answer)