Question: i want the correct present value amount !! A leasing contract calls for an immediate payment of $110,000 and nine subsequent $110,000 semiannual payments at

i want the correct present value amount !!

A leasing contract calls for an immediate payment of $110,000 and nine subsequent $110,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 8% ? (Hint: First find the semiannual rate that is equilvalent to the annual rate) (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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