Question: 2. Determine the fair market value two months from today of the sum of the following payments: a payment of $600 three months ago, assuming

2. Determine the fair market value two months from today of

2. Determine the fair market value two months from today of the sum of the following payments: a payment of $600 three months ago, assuming it can earn 3% simple interest $300 today, assuming it can earn 3% compounded monthly a payment of $2000 two years from today, assuming it can earn 3% compounded monthly (i). Create a time diagram to help you solve the question. use the labels (1), (2), (3) and (4) to indicate the steps you will use to sovle the problem. (ii). Solve the question using your time diagram from part (i)

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