Question: Answer the following and show complete solutions. The correct answer is exactly one of the choices there, so please show your calculations. The answer is
Answer the following and show complete solutions. The correct answer is exactly one of the choices there, so please show your calculations. The answer is there in the choices.

Tamara has a perpetuity due that pays $37.10 bi-weekly. Tne nominal interest rate is 9.995% compounded semi-annually. What is the present value of her perpetuity? a. $9,611.32 b. $9,016.81 c. $9,214.98 d. $9,908.58 e. $9,871.48
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