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You will invest in something that will give you a payment of $211 two times each year. You plan to hold on to the investment

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You will invest in something that will give you a payment of $211 two times each year. You plan to hold on to the investment and hope to sell it for $37436 in 14 years. Investments of this risk should earn 9.92%. How much is it worth today? (hint: There is both an annuity (the semi-annual payments) and a lump sum (the selling price). Find the present value of each and add them together. Use the same " r " and " t " for both the annuity and the lump sum.)

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