Question: 8. Two debt payments, the first for $800 due today and the second for $600 due in nine months with interest at 10.5% compounded monthly,

8. Two debt payments, the first for $800 due today and

8. Two debt payments, the first for $800 due today and the second for $600 due in nine months with interest at 10.5% compounded monthly, are to be settled by a payment of $800 six months from now and a final payment in 24 months. Determine the size of the final payment if money is now worth 9.5% compounded quarterly

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