You are valuing an investment that will pay you $25,000 per year for the first 9 years, $37,000 per year for the next 13 years, and $89,000 per year the following 18 years (all payments are at the end of each year). If the appropriate annual discount rate is 13.00%, what is the value of the investment to you today? $2,308,000.00 $190,635.97 $245,064.88 $1,414,749.09 $2,569,265.60 You are offered an investment with a quoted annual interest rate of 9% with semi- annual compounding of interest. What is your effective annual interest rate? 9.51% 9.12% 8.77% 9.20% 9.00%