3. (1 point) The interest rate is 6% per year, compounded monthly. You will receive $1,000 per month for the next 12 months, with the first payment to be received one month from today. What is the present value of this stream of payments? What is the future value at the end of the year? (Just as the last payment is made.) 4. (1 point) The interest rate is 6% per year, compounded monthly. You will receive $1,000 per month for the next 12 months (a total of $12,000), with the first payment to be received immediately. What is the present value of this stream of payments?