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question 1 question 2 question 3 Problem 2-36 Compounding intervals A leasing contract calls for an immediate payment of $104,000 and nine subsequent $104,000 semiannual

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Problem 2-36 Compounding intervals A leasing contract calls for an immediate payment of $104,000 and nine subsequent $104,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 14% ? (Hint: First find the semiannual rate that is equivalent to the annual rate.) Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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