Question: Question 6 (1 point) 1. Determine the interest rate per compounding period as a decimal. Time of Length of Interest rate Frequency of compounding payment

Question 6 (1 point) 1. Determine the interest rate per compounding period as a decimal. Time of Length of Interest rate Frequency of compounding payment annuity per year end of every 6 months 7 years 5.1% semi- annually Question 7 (1 point) A lottery offers a prize of $750 every week for 5 years. The first payment will be made one week from now. If money can be invested at 4.4% per year compounded weekly, what cash payment received immediately is equivalent to the lottery prize? $711 389.65 $148.05 $174 973.98 $218 010.73

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