Problem
An investment that you are considering promises to pay $2,000 semiannually for the next two years, beginning six months from now.
You have determined that the appropriate opportunity cost (discount) rate is 8 percent, compounded quarterly. What is the value of this investment?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.