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2. Jacques signed a contract that calls for payments of $500 at the beginning of each 6 months for 10 years. If an appropriate rate is i(2)= 13%, determine the value of the remaining payments a) just after he makes the 4th payment; [3 marks] b) just before he makes the 6th payment. [3 marks] If after making the first 3 payments he failed to make the next 3 payments, c) what would he have to pay when the next payment is due to bring himself back on schedule? [3 marks] NOTE: Be sure to draw a careful timeline to answer this