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Valuing Delayed Annuities Suppose that you will receive annual payments of $ 1 8 , 2 5 0 for a period of 2 4 years.

Valuing Delayed Annuities
Suppose that you will receive annual payments of $18,250 for a period of 24 years. The first payment will be made 9 years from now. If the interest rate is 10.00%, what is the value of the annuity in year 8, 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 8
$
Value of the Security today
$
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