Valuing Delayed Annuities

Suppose that you will receive annual payments of $$18,650$ for a period of $26$ years. The

first payment will be made $7$ years from now. If the interest rate is $10\mathrm{.}50\%,$ what is the

value of the annuity in year $6,$ 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 $6$

Value of the Security

today

$

$