5. Consider the following three debts: (i) $500 plus simple interest at 6% for 6 months, due one month from today (ii) $1000 plus interest at 12% simple interest for 6 months, due six months from today (iii) $2000 due 9 months from today The creditor has agreed to re-finance the debts by payments of $1000 today and the balance through three equal, but unknown, payments in four, eight, and twelve months from today. If the creditor values money at 14% simple interest, what will be the size of equal payments? Use 4 months from today as focal point. Answer $840.39 (show work)