Suppose that you will receive annual payments of $$20,900$ for a period of $25$ years. The first payment will be made $8$ years from now. If the interest rate is $8\mathrm{.}50\%,$ what is the value of the annuity in year $7,$ what is the current value of this stream of cash flows? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$Valuing Delayed Annuities

Suppose that you will receive annual payments of $$20,900$ for a period of $25$ years. The

first payment will be made $8$ years from now. If the interest rate is $8\mathrm{.}50\%,$ what is the

value of the annuity in year $7,$ what is the current value of this stream of cash flows? $($Do

not round intermediate calculations. Round your answer to $2$ decimal places.$)$