Question $4$

$2\mathrm{.}5$ pts

What is the present value of a series of semi$-$annual ordinary annuity payments of $$7,000$ made for $12$ years, with an annual discount rate of $5\%?$ The annuity payments are discounted semi$-$annually.

$125195$

$82043$

$128325$

$85145$

Question $5$

$2\mathrm{.}5$ pts