5) Bedrock Quarry has outstanding debts of $30,000 due 3 years ago, $65,000 due today and $45,000 due in 1.5 years. If they agree to replace these debts with a single equivalent payment in 7 months from today, what will be the size of the payment if money is worth 5.6% compounded quarterly? A timeline is required for full marks. (12 marks) 6) How long will it take money to double if interest is 6.3% compounded semi-annually? Express your answer as a combination of both years and months rounding months to one decimal. (6 marks)