Question 9 1 pts You borrow $800 from a payday lending company and pay $18 interest for three months. What is the nominal annual interest rate? 0 2.25% p.a. compounded quarterly 9.31% p.a. compounded quarterly 9% p.a. compounded monthly 9% p.a. compounded quarterly Question 10 1 pts What is the value today of $800 paid every six months forever, with the first $800 payment occurring nine years from today. Interest rates are 10% p.a. compounded half-yearly. 0 $16,000.00 O $1,582.76 $6,648.33 O $6,980.75