Problem $4-48$ Calculating Present Values

A $6-$year annuity of twelve $$11,800$ semiannual payments will begin $11$ years from now,

with the first payment coming $11\mathrm{.}5$ years from now.

a$.$ If the discount rate is $12$ 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$.,32\mathrm{.}16.)$

b$.$ If the discount rate is $12$ 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$.,32\mathrm{.}16.)$

c$.$ If the discount rate is $12$ 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$.,32\mathrm{.}16.)$