A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will provide monthly payments of $750 to his parents at the...

A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will provide monthly payments of $750 to his parents at the end of each month while he is gone. The interest rate he can obtain is 6% compounded monthly.

a.) Over the 2 years, how much money will his parents receive from their son?

b.)What is the amount of the annuity that he must buy now (present value) to generate these payments?