Problem:
A 6-year annuity of 12 $10,100 semiannual payments will begin 9.5 years from now, with the first payment coming 10 years from now.
Required:
Question 1: If the discount rate is 10 percent compounded semiannually, what is the value of this annuity six years and four years from now?
Question 2: What is the value of the annuity today?
Note: Please show how to work it out.