Question: Sarah was supposed to pay Jasmine $ 4 , 7 0 0 , 6 months ago, and $ 1 , 5 8 0 , 5

Sarah was supposed to pay Jasmine $4,700,6 months ago, and $1,580,5 months from now. If she wants to reschedule these payments with two payments, one payment of $3,900 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 6.75% p.a. and the agreed focal date is 3 months from now.
Round to the nearest cent
Sarah was supposed to pay Jasmine $4,700,6 months ago, and $1,580,5

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