Question: What is the value of a contract that will pay $500 at the end of each month for 2 1/2 years and $2000 at the

What is the value of a contract that will pay $500 at the end of each month for 2 1/2 years and $2000 at the end of each quarter for the subsequent 3 1/2 years? Use a discount rate of 6% compounded semiannually.

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