Homework 2 (Chapter 5) i 6 12 points Skipped eBook Print References Saved You want to evaluate two different investment opportunities: Delta offers an annual interest rate of 9 %, but is compounded monthly. You need to make equal end-of-month $2,600 payments for 6-years. Sigma offers an annual interest rate of 11 %, compounded annually. You make a lump- sum investment now, and hold it for 6 years. How much money would you need to invest with Sigma, today, for it to be worth the same amount as Delta6 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value

You want to evaluate two different investment opportunities: Delta offers an annual interest rate of 9%, but is compounded monthly. You need to make equal end-of-month $2,600 payments for 6 -years. Sigma offers an annual interest rate of 11%, compounded annually. You make a lumpsum investment now, and hold it for 6 years. How much money would you need to invest with Sigma, today, for it to be worth the same amount as Delta6 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)