A debt of $600 is due 3 years from now and $800 due 5 years from now,is instead to be paid off by two payments: $500 now and a final payment at the end of 6 years.What would this payment be if an interest rate of 6% compounded quarterly is assumed?

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The Answer of A debt of $600 is due 3 years from now and $800 due 5 years from now,is instead to be paid off by two payments: $500 now and a final payment at the end of 6 years.What would this payment be if an interest rate of 6% compounded quarterly is assumed?

A Debt of $600 Is Due 3 Years from Now