How much would you pay for an asset that promises you semi-annual payments of $100 for 12 years if your opportunity cost of capital is an annual rate of 12%? At the end of the 12 years, you would also receive the amount of 1,100.

a. 1,255.03

b. 282.34

c. 1,537.37

d. 1,100

I know the answer is C, i would appreciate the process to get to the answer. Thanks!!!