An advertised investment product promises to pay $497 per month for 78 months commencing in 1 month from today. If the investment earns 6.1%p.a compounding monthly, how much will the investment product cost today? (round to nearest cent; don't use $ sign or commas) Select one: a. $31937.10 b. $2602.86 c. $32099.45 d. $2761.63 Suppose you will receive $19,000 in 7 months and another $13,000 in 22 months. If the discount rate is 7% per annum (compounding monthly) for the first 10 months, and 10% per annum (compounding monthly) for the next 12 months, what single amount received today would be equal to the two proposed payments? (answer to the nearest whole dollar; don't include the $ sign or commas)