Question: Need help on these 2 questions please 1. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.4.003.MI. MY NOTES PRACTICE ANOTHER Find the present value of an

Need help on these 2 questions please

1. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.4.003.MI. MY NOTES PRACTICE ANOTHER Find the present value of an annuity of $8000 paid at the end of each 6-month period for 2 years if the interest rate is 8%, compounded semiannually. (Round your answer to the nearest cent.) EX Enter a number. Need Help? Read It Master It Show My Work (Optional) ? Submit Answer 2. [-/1 Points] DETAILS HARMATHAP12 6.4.005. MY NOTES PRACTICE ANOTHER Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the end of each of the next 5 years. If money is worth 10%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.) $ Need Help? Read It Watch It

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