Question: A five - year annuity that makes 1 0 semiannual payments of $ 8 , 3 0 0 will begin 1 2 years from now

A five-year annuity that makes 10 semiannual payments of $8,300 will begin 12 years from now with the first payment coming 12.5 years from now. If the discount rate is 4.6 percent compounded semiannually, what is the present value of the annuity?
$44,506.57
$43,505.93
$42,527.79
$53,386.22
 A five-year annuity that makes 10 semiannual payments of $8,300 will

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