You have decided to buy an investment that will pay $500 every 6 months for the next 10 years. The first payment will occur in 1 year. You are required to pay for this investment in two equal installments. The first installment is due immediately, the second installment in due in 6 months. If your required rate of return is 8% per year compounded semi-annually, how much is each installment? O $6,662 $6,795 $3,355 $3,398 $3,331