General Annuity Deferred Annuity

- What is the cash value of a lease requiring payments of $1,457.00 at the beginning of every six months for 5 years, if interest is 10% compounded annually? The cash value of the lease is....

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

- An annuity with a cash value of $13,500 earns 6% compounded semi-annually. End-of-period semi-annual payments are deferred for six years, and then continue for ten years. How much is the amount of each payment? Each payment is.....

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)