1. An investment makes the payments as shown in the cash flow diagram below. All payments...

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1. An investment makes the payments as shown in the cash flow diagram below. All payments occur at the end of each indicated year. $200,000 $200,000 $200,000 $200,000 2 4 6 8 $200,000 (a) If the interest rate is 6% nominal annual compounded monthly, calculate the value of this investment at the end of the 24th year. (3 marks) (b) What is the value today of this investment? (3 marks) 24 24 1. An investment makes the payments as shown in the cash flow diagram below. All payments occur at the end of each indicated year. $200,000 $200,000 $200,000 $200,000 2 4 6 8 $200,000 (a) If the interest rate is 6% nominal annual compounded monthly, calculate the value of this investment at the end of the 24th year. (3 marks) (b) What is the value today of this investment? (3 marks) 24 24