Question: Please answer this step by step and asap A debt of RM500 due two months ago and RM900 due in nine months are to be

Please answer this step by step and asap

A debt of RM500 due two months ago and RM900 due in nine months are to be settled by two equal payments, one at the end of three months and another at the end of six months. Assuming money is worth 10% per annum simple interest. a) Calculate the payment amount at present as the local date (5 marks) b) Construct the settlement at the end of 6 months as the focal date. (6 marks)

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