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Suppose that you will receive annual payments of $ 1 3 , 3 0 0 for a period of 2 9 years. The first payment

Suppose that you will receive annual payments of $13,300 for a period of 29 years. The first payment will be made 6 years from now. If the interest rate is 12.00%, what is the value of the annuity in year 5, what is the current value of this stream of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Value of the Security
in Year 5
Value of the Security
today
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