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suppose the interest rate is 8.7% APR with monythly compunding. what is the oresent calue of an annuity that oays $113 every 6 months for

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suppose the interest rate is 8.7% APR with monythly compunding. what is the oresent calue of an annuity that oays $113 every 6 months for 5 years?
The 6 minth effective interest is?
the PV is?
Suppose the interest rate is 87% APR with monthly compounding What is the present value of an annuity that pays $113 every 6 months for 5 years? The 6-month effective interest rate is 1% (Round to three decimal places) The present value is (Round to the nearest cent)

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