Please Answer Q8 but you may need some information from Q7.

Thank you in advance.

Question 7 (4 points) Fadey is trying to decided between two different annuities. He wants to know which of the two annuities will require the lowest investment will allow him to withdrawal $12,5000 every six months? A) Annuity A will make the payments at the beginning of every six months for the next 9 years and the interest rate will be 5.20% compounded semi-annually. End/Beg (0.5 points) P/Y (0.25 points) C/Y (0.25 points) N (0.5 points) 1/Y PV 12 points) PMT (0.25 points) FV (0 25 points Question 8 (5 points) Fadey is trying to decided between two different annuities. He wants to know which of the two annuities will require the lowest investment will allow him to withdrawal $12,5000 every six months? B) Annuity B will make the payments at the beginning of every six months for the next 9 years and the interest rate will be 5.20% compounded quarterly. End/Beg (0.5 points) P/Y 10.25 points) C/Y (0.25 points) N (0.5 points UY PV (2 points PMT 025 points EV 10.25 point Which annuity has the lowest investment Question 7 (4 points) Fadey is trying to decided between two different annuities. He wants to know which of the two annuities will require the lowest investment will allow him to withdrawal $12,5000 every six months? A) Annuity A will make the payments at the beginning of every six months for the next 9 years and the interest rate will be 5.20% compounded semi-annually. End/Beg (0.5 points) P/Y (0.25 points) C/Y (0.25 points) N (0.5 points) 1/Y PV 12 points) PMT (0.25 points) FV (0 25 points Question 8 (5 points) Fadey is trying to decided between two different annuities. He wants to know which of the two annuities will require the lowest investment will allow him to withdrawal $12,5000 every six months? B) Annuity B will make the payments at the beginning of every six months for the next 9 years and the interest rate will be 5.20% compounded quarterly. End/Beg (0.5 points) P/Y 10.25 points) C/Y (0.25 points) N (0.5 points UY PV (2 points PMT 025 points EV 10.25 point Which annuity has the lowest investment