Question: 3. On 1 September 2015 , David borrowed RM7500 from a financial institution, with interest 5.6% compounded quarterly. He paid RM1200 on 1 March 2016,

3. On 1 September 2015 , David borrowed RM7500 from a

3. On 1 September 2015 , David borrowed RM7500 from a financial institution, with interest 5.6% compounded quarterly. He paid RM1200 on 1 March 2016, and RM2000 on 1 December 2016. What equal payments on 1 June 2017 and 1 December 2017 will be needed to settle the debt? (Use 1 September 2015 as the focal date)

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