2) An insurance broker calls you and despite your finance professor's warnings, you listen to their offer. The offered insurance product requires you to make payments semi-annually of $50 and do so for the next 20 years (1st payment is 6 months from today). If your required rate of return is 6% per year (i.e. effective), what amount of money should the insurance product offer to pay you at the end of 20 years? 3) You are investigating an investment opportunity. The security requires you to make monthly payments of $100 each (1st payment is 1 month from today), over the next 10 years. It offers a nominal annual returrn of 6% with quarterly compounding, what is the future value of this security at the end of its life (including all your payments and all interest)