Brenda's lawyer gave her the following two options to settle her invoice: Option A: $1800 in 1 month and the balance of $2100 in 3 months.

Option B: Two equal payments, one in 20 days and the other in 4 months. If money earns 3.5% p.a., what is the value of each of the equal payments in Option B such that they are equivalent to the payments in Option A? Use now as the focal date for this question.AppendixLO1