Question: please include a timeline and show all steps in detail Section 9.5 Equivalent Values 5. [HW] Scheduled loan payments of $2000 due in six months

please include a timeline and show all steps in detail

Section 9.5 Equivalent Values 5. [HW] Scheduled loan payments of $2000 due in six months and $2300 due in 21 months are rescheduled as a payment of $3000 due in three years and a second payment due in 45 months. Determine the size of the second payment if interest is 8% compounded quarterly and the focal date is 45 months from now

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