Question: Blake was supposed to pay Li Jun $ 6 , 7 0 0 , 6 months ago, and $ 1 , 5 4 0 ,

Blake was supposed to pay Li Jun $6,700,6 months ago, and $1,540,5 months from now. If he wants to reschedule these payments with two payments, one payment of $3,600 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 4.50% p.a. and the agreed focal date is 3 months from now.

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