Question: What single payment in 1 year would replace a payment of $6,550.00, 3 years ago and a payment of $20,000.00, 5 years ago? Assume both

What single payment in 1 year would replace a payment of $6,550.00, 3 years ago and a payment of $20,000.00, 5 years ago? Assume both payments were not paid and that their interest rate is 8.22% compounded quarterly. Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions.

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