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How much are you willing to pay today for an investment that promises payments of $1000 at the end of each month for one year,
How much are you willing to pay today for an investment that promises payments of $1000 at the end of each month for one year, $2000 at the end of each quarter for the next two years after that, and $3000 at the end of each six-months for the next three years after that? Suppose your opportunity cost of capital is 6% compounded semi-annually. Solve acoordingly to the question and show all parts.
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