Identify the period of Deferral in each of the following Deferred Annuities. 1. Monthly payments of 1,000 pesos for 9 years that will start 9 months from now. 2. Semi-annual payments of 12,700 for 5...

Identify the period of Deferral in each of the following Deferred Annuities.

1.  Monthly payments of 1,000 pesos for 9 years that will start 9 months from now.

2. Semi-annual payments of 12,700 for 5 years that will start 2 years from now.

Kindly provide a solution (given and formula) and not a sample computations from MS Excel. thank you so much!