You are considering making an investment today in an asset that pays you $410 at the end of each month, into perpetuity (ie, forever). The interest rate on the investment is 7.05% p.a. compounded semiannually. The investment has a mandatory wait period of five years before it begins the monthly payment phase. Calculate the amount this investment is worth today. (Hint, the first payment occurs at the end of the first month after the mandatory wait period.) 7 B I 7 !!! IT o c