Question: Please be clear so i can understand the process.. thanks so much! A 4-year annuity of eight $11,400 semiannual payments will begin 7 years from

Please be clear so i can understand the process.. thanks so

Please be clear so i can understand the process.. thanks so much!

A 4-year annuity of eight $11,400 semiannual payments will begin 7 years from now, with the first payment coming 7.5 years from now. a. If the discount rate is 11 percent compounded monthly, what is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the discount rate is 11 percent compounded monthly, what is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. If the discount rate is 11 percent compounded monthly, what is the current value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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