3. Payments of $ 1500 in 1 year and another $2500 in 2 years to settle a loan are to be rescheduled with a payment of $100U IR 6 months and the balance in 18 months. Calculate the payment required in 18 months for the rescheduled option to settle the loan if money earns 4.25% compounded semi-annually during the above periods. -91 A father invested $125,000 at 4.8% compounded monthly so that his son and his daughter, aged 10 and 12, respectively, will receive equal amounts from this fund when each of them reach the age of 18. How much will each of them receive when they turn 18years old? 2.84 Nicholas contributed $1250 at the end of every 6 months to an RRSP fund earning 5% compounded semi-annually for 15 years. Calculate the amount of interest earned over this period