2. Jacques signed a contract that calls for payments of $500 at the beginning of each 6 months for 10 years. If an appropriate rate is 11" - 13%, 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 failed to make the next 3 payments, c) what would he have to pay when the next payment is due to bring himself back on schedule? [3 marks) NOTE: Be sure to draw a careful timeline to answer this