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Suppose that you will receive annual payments of $12,200 for a period of 16 years. The first payment will be made 6 years from now.

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Suppose that you will receive annual payments of $12,200 for a period of 16 years. The first payment will be made 6 years from now. If the interest rate is 9.00%, 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.) $ 43539.45 Value of the Security in Year 5 Value of the Security today

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