Question: Scheduled loan payments of $1213 due in 6 months and $1387 due in 21 months are rescheduled as a payment of $534 due in 39

Scheduled loan payments of $1213 due in 6 months and $1387

Scheduled loan payments of $1213 due in 6 months and $1387 due in 21 months are rescheduled as a payment of $534 due in 39 months and a second payment due in 48 months. Determine the size of the second payment if interest is 6.9% compounded quarterly and the focal date is 48 months from now

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