There is an investment opportunity which pays back in the form of a 4 year annuity This annuity will have eight $9,800 payments semiannually The annuity will start 7 years from today, and the very first payment will be coming in 7 5 years from today a The rate of return on this annuity is 7 percent compounded monthly Calculate the value of this annuity five years from today (Do not round intermediate calculations Round your final answer to 2 decimal places, e g , 32 16 ) b Now, instead, the rate of return on this annuity is 7 percent compounded monthly Re calculate the value of this annuity three years from today (Do not round intermediate calculations Round your final answer to 2 decimal places, e g , 32 16 ) c Finally, instead, the rate of return on this annuity is 7 percent compounded monthly Calculate the current (i e , today's) value of this annuity (Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 )

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There is an investment opportunity which pays back in the form of a 4-year annuity. This annuity will have eight $9,800 payments semiannually. The annuity

There is an investment opportunity which pays back in the form of a 4-year annuity. This annuity will have eight $9,800 payments semiannually. The annuity will start 7 years from today, and the very first payment will be coming in 7.5 years from today.

a.	The rate of return on this annuity is 7 percent compounded monthly. Calculate the value of this annuity five years from today. (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.)
b.	Now, instead, the rate of return on this annuity is 7 percent compounded monthly. Re-calculate the value of this annuity three years from today. (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.)
c.	Finally, instead, the rate of return on this annuity is 7 percent compounded monthly. Calculate the current (i.e., today's) value of this annuity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)