Question: Problem 2-38 Compounding intervals A leasing contract calls for an immediate payment of $105,000 and nine subsequent $105,000 semiannual payments at six-month intervals. What is

Problem 2-38 Compounding intervals A leasing contract calls for an immediate payment of $105,000 and nine subsequent $105,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 8%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 7.833,884.86

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