Please show your work, thank you.

Mr. Myers has the opportunity to make an investment in Swampland Corporation which will pay each investor

$750 at the end of each month for the next six years. Mr. Myers believes that a reasonable return on his

investment should be 12% compounded monthly.

a) How much should he pay for the investment?

b) What will be the total sum of cash he will receive over the next six years?

c) Why is there such a large difference between (a) and (b)?