8 2 Check my work 10 points A leasing contract calls for an immediate payment of $101,000 and nine subsequent $101,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 9%? (Hint: First find the semiannual rate that is equivalent to the annual rate) (Do not round intermediate calculations. Round your answer to 2 decimal places.) eBook References Present value $ 835,147.84