Question: W6: Problem 8 Previous Problem ListNext (1 point) a) Find the present value of an annuity-immediate which pays 1 at the end of each half-year

W6: Problem 8 Previous Problem ListNext (1 point) a) Find the present value of an annuity-immediate which pays 1 at the end of each half-year for 9 years, if the rate of interest is 72% convertible semiannually for the first 5 years and 11.3% convertible semiannually for the last 4 years ANSWER (round off to three decimal digits): b) Find the present value of an annuity-immediate which pays 1 at the end of each half-year for 9 years, if all payments in the first 5 years are discounted at a nominal interest rate 7.2% convertible semiannually and all payments in the last 4 years are discounted at a nominal interest rate 11 3% convertible semiannually. ANSWER (round off to three decimal digits Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining Email instructor

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