Question: Question 2 Darwin is a young entrepreneur trying to keep his business afloat. He has missed two payments to a creditor. The first was for

Question 2
Darwin is a young entrepreneur trying to keep his business afloat. He has missed two payments to a creditor. The first was for $3,485 seven months ago, and the second was for $5,320 last month.
Darwin has had discussions with his creditor, who is willing to accept $4,000 one month from now and a second payment in full six months from now.
If the agreed upon interest rate is 7.35% compounded monthly, what is the amount of the second payment?
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