Question: plase explain step by step how to get to those answers, thanks 57,471,26 5. Find the present value of a perpetuity which pays $3,500 at

plase explain step by step how to get to those answers, thanks
plase explain step by step how to get to those answers, thanks

57,471,26 5. Find the present value of a perpetuity which pays $3,500 at the end of each year if the interest rate is 6% compounded semi-annually. 6. Find the effective annual rate of 8.5% compounded quarterly. 8.27479% 7. A sinking fund is set up to pay of a $15,000,000 bond issue which matures at the end of twenty years. Payments are made into the fund at the beginning of each six-month period! Find the size of the periodic deposit if the interest rate is 12% compounded semi-annually. 91, 436.80

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