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Two debts, the frit of $2000 due three mionthe age and the second of $1100 bornwed two years ago for a term of fire years at 5.3% compounded arnualy, are to be replaced by a single paytient one year trom now. Determine the sze of the replacement payment it internat is e. 1s compounded quartarly and the focal dase is ono year from now The sirs of the replochment poyment is s (Round to the nearst cent as needed Roand al intermedali values is six decinat places as needed).

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Two debts, the frit of $2000 due three mionthe age and the second of $1100 bornwed two years ago for a term of fire years at 5.3% compounded arnualy, are to be replaced by a single paytient one year trom now. Determine the sze of the replacement payment it internat is e. 1s compounded quartarly and the focal dase is ono year from now The sirs of the replochment poyment is s (Round to the nearst cent as needed Roand al intermedali values is six decinat places as needed)

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