A contract between two parties (company X & Y) was created such that in return for services rendered, company X would provide payments of $15,000 in 8 months, $35,000 in 16 months, and $40,000 in 24 months.

However, a clause was inserted in the contract that allowed company X to pay two equal lump sum payments in months 30 and 36.

If interest on the contract is 6.5% compounded annually, determine the value of the lump sum payments that should be written in the contract.