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
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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