1. (1 point) A person borrows $8700 at j365=j365=9%. He promises to pay $1230 at the end of 2 years, $2560 at the end of 3 years, and the final balance at the end of 4 years. What will the final payment be?

2. (1 point) Mike borrows $8300 due at the end of 3 years with interest at j12=5%j12=5%. You plan to fully pay off the loan with 3 payments. First payment of $5150 due at the end of 7 months, $12 due at the end of 26 months, and a final payment of XX at the end of 32 months. What is XX?

3. (1 point) Jason owes $38000 due at the end of 3 years with interest at j4=2.5%j4=2.5%. In order to payoff the loan Jason decides to make deposits in a fund that earns j4=14.5%j4=14.5%. The first deposit is $10000 at the end of 9 months and $X at the end of 27 months. What is X? [Note: Use the exact method for a fractional period of time.]