(Q. 3 IN B) COMPUTE THE PRESENT VALUE OF THE FOLLOWING SET OF PAYME...

8. (Q. 3 in B) Compute the present value of the following set of payments for two years: payments of $500 per quarter for the first year and payments of $600 per quarter during the second year. The APR is 9% with monthly compounding and payments will begin 3 months from today. A) $3,966.84B) $3,975.71 C) $4,116.69 D) $4,161.51 Solution A 09.1 0%.380791