A company is contracted to make payments of RM$1,500$ at time $3,$ RM$4,000$ at time $7$ and RM$5,500$ at time $10.$ The effective annual interest rate is assumed to be:

$3\%$ from time $0$ to time $4$

$5\%$ from time $4$ to time $8$

$8\%$ from time $8$ onwards.

Calculate the value of the payments as at:

$($i$)$ Time $0$

$($ii$)$ Time $5$