Question: Question 2: [9 marks total] Jacques signed a loan contract the calls for payments of $500 at the beginning of each 6 months for 10

Question 2: [9 marks total] Jacques signed a loan contract the calls for payments of $500 at the beginning of each 6 months for 10 years. If the appropriate interest rate is i(12)=12% per year, determine the value of the remaining payments: a) Just after he makes the 4th payment. [3 marks] b) Just before he makes the 6th payment. [3 marks] If after making the first 3 payments, he missed the next 3 payments, c) what would he have to pay at the time of the next payment to bring himself back on schedule

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