You are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semiannual payments to be compounded semiannually to accumulate a sum of $260,000 afer ten years at a 12 percent annual rate (20 payments). The tirst payment into the fund is to take place six months from today, and the last payment is to take place at the end of the tenth year use AppendXA and Append XC an appro mate answer, but Calculate your final answer using the trmula and financial calculator methods a. Determine how much the semiannual payment should be. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Semi-annual payment On the day ater the sixth paryment is made (the beginning of the fourth year), the interest rate goes up to an annual rate of 14 percent. This new rate applies to the funds that have been accumulated as well as all future payments into the fund interest is to be compounded semiannually on al funds b. Determine how much the revised semiannual payments should be after this rate change (here are 14 payments and compounding dates) The next payment will be in the middle of the fourth year (Do not round intermediate calculations, Round your final answer to 2 decimal places) Reviksed seni annual peyment