ANSWER (round to 3 decimal places)= interest rate 10% convertible semiannually. ANSWER (round off to three decimal digits)=

(1 point) (Exercise 3_32) a) Find the present value ot an annuity-immediate which pays 1 at the end ot each halt-year tor 5 years, it the rate ot interest is 5_7% convertible semiannually tor the first 3 years and 10% convertible semiannually tor the last 2 years. ANSWER (round to 3 decimal places)= b) Find the present value ot an annuity-immediate which pays 1 at the end ot each halt-year tor 5 years, it all payments in the first 3 years are discounted at a nominal interest rate 5_7% convertible semiannually and all payments in the last 2 years are discounted at a nominal interest rate 10% convertible semiannually ANSWER (round off to three decimal digits)=