HW5: Problem 10 Previous Problem Problem List Next Problem (1 point) (Exercise 3.32) a) Find the present value of an annuity-immediate which pays 1 at the end of each half-year for 7 years, if the rate of interest is 5.4% convertible semiannually for the first 5 years and 10.6% convertible semiannually for the last 2 years. ANSWER (round to 3 decimal places)= b) Find the present value of an annuity-immediate which pays 1 at the end of each half-year for 7 years, if all payments in the first 5 years are discounted at a nominal interest rate 5.4% convertible semiannually and all payments in the last 2 years are discounted at a nominal interest rate 10.6% convertible semiannually. ANSWER (round off to three decimal digits)=