3 6 Comparing/evaluating two contracts (LN-2 material - Part II). A jury just had awarded you $500,000. The plaintiff proposed to the judge that it will provide the money to you over a 5 year period. The judge has asked you to provide two plans that are acceptable to you for this and he/she will choose one after consulting with the plaintiff. The discounting rate is 12% compounded monthly. You came up with two plans. Plan I will provide semi-annual payments to you starting 6 months from now. Plan II will provide quarterly payments to you starting 3 months from now. You can use a financial calculator or PV tables: Click here for opening PV tables excel file 1. What is the APR in this problem? Do not enter the % sign and round to and use 2 decimals, for example, if the answer is 5.275% then enter 5.28; if your answer is 4% you must enter 4.00, if it is 3.4% you must enter 3.40 A 2. What is the frequency of compounding (m)? Ar 3 6 Comparing/evaluating two contracts (LN-2 material - Part II). A jury just had awarded you $500,000. The plaintiff proposed to the judge that it will provide the money to you over a 5 year period. The judge has asked you to provide two plans that are acceptable to you for this and he/she will choose one after consulting with the plaintiff. The discounting rate is 12% compounded monthly. You came up with two plans. Plan I will provide semi-annual payments to you starting 6 months from now. Plan II will provide quarterly payments to you starting 3 months from now. You can use a financial calculator or PV tables: Click here for opening PV tables excel file 1. What is the APR in this problem? Do not enter the % sign and round to and use 2 decimals, for example, if the answer is 5.275% then enter 5.28; if your answer is 4% you must enter 4.00, if it is 3.4% you must enter 3.40 A 2. What is the frequency of compounding (m)? Ar