A contract can be fulfilled by making an immediate payment of $8298, or equal payments at the end of every year for 5 years. What is the size of the annual payments at 6% per annum compounded quarterly? The annual payments are $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A contract can be fulfilled by making an immediate payment of $5665, or equal payments at the end of every six months for 5 years. What is the size of the semi-annual payments at 6% per annum compounded monthly? The semi-annual payments are $665.39. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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