16. An investment promises to pay $6000 at the end of each year for the next fiv

16. An investment promises to pay $6000 at the end of each year for the next five years and $4000 at the end of each year for years 6 through 10.a. If you require a 12 percent rate of return on an investment of this sort what is the maximum amount you would pay for this investment?b. Assuming that the payments are received at the beginning of each year what is the maximum amount you would pay for this investment given a 12 percent required rate of return?