You will be unable to work for the next three years due to unforeseen circumstances. However you have income protection insurance that covers you for $3,000 a month for the next three years, with the first payment in one month. If the current, effective, interest rate is 8.3% p.a., what is the present value of this stream of cash flows? Could youCompare a compounding interest rate and a nominal interest rate to an effective interest rate.