(3) Assume, you will receive 66 rent payments over a time period of 66 years. For the first 33 years, you will receive a rent of $333 at the beginning of each year. For the next 33 years thereafter, you will receive $333 at the end of each year. Assume your discount rate is 3%. (a) Employing the equation for identical payments over a limited time period, show how you would alter this equation applied to this problem. Show the abstract equation. ( 6pts) (b) Now, calculate the NPV of the actual payments. However, consider that the third payment was canceled and made up one year later, i.e., at the beginning of the 4th year. What is the cost of the delayed payment? (4 pts) (3) Assume, you will receive 66 rent payments over a time period of 66 years. For the first 33 years, you will receive a rent of $333 at the beginning of each year. For the next 33 years thereafter, you will receive $333 at the end of each year. Assume your discount rate is 3%. (a) Employing the equation for identical payments over a limited time period, show how you would alter this equation applied to this problem. Show the abstract equation. ( 6pts) (b) Now, calculate the NPV of the actual payments. However, consider that the third payment was canceled and made up one year later, i.e., at the beginning of the 4th year. What is the cost of the delayed payment? (4 pts)