Question: Business Math Please Answer correctly! Jeffrey has to repay a loan to his brother: $3000 due in 1 year, $2000 due in 1.5 years, and

Business Math

Please Answer correctly!

Business Math Please Answer correctly! Jeffrey has to repay a loan to

Jeffrey has to repay a loan to his brother: $3000 due in 1 year, $2000 due in 1.5 years, and $1600 due in 2.5 years. Jeffrey wants to settle this obligation in one single payment in 2 years. What amount should Jeffrey's brother accept if the money can earn 3.25% compounded semiannually? (Round answer to 2 decimal places) ***Enter PV as a NEGATIVE (-) *** $3000 $2000 $1600 P/Y = P/Y P/Y C/Y = C/Y = C/Y = IN = IN = IN = I/Y = 11/Y = 11/Y = PV = PV = PV = PMT PMT PMT = FV = FV = FV =

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