A2-5c This question consists of three parts. When performing the calculations, keep as many decimal places as you can for intermediate answers, but round your final answers to two decimal places. c....

A2-5c

This question consists of three parts. When performing the calculations, keep as many decimal places as you can for intermediate answers, but round your final answers to two decimal places.

c. promises to pay you a constant $300 every six months, indefinitely. Your required annual rate of return is 6%, compounded semi-annually; assume that this rate will be the same indefinitely. What is the present value of this investment three years from now? (Hint: You cannot use a financial calculator to solve this problem.)