Do Homework - Isaac Gonzalez X + c e mathel.com/Student/PlayerHomework.aspx?homeworkld=560131030&questionId=1&flushed=false&cid= FIN301 - Intro to Managerial Finance - 2020 Spring Isaac Gonzalez & 1 02/25/20 3:16 PM Homework: Ch 5 Homework Assignment - FIN301 SP20 Save Score: 0 of 1 pt 5 of 20 (4 complete) HW Score: 15%, 3 of 20 pts P 5-10 (similar to) Question Help Suppose the interest rate is 8.7% APR with monthly compounding What is the present value of an annuity that pays $105 every six months for seven years? (Note: Be careful not to round any intermediate steps less than six decimal places) The present value of the annulty is 5 (Round to the nearest cont.)