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A debt of $17,000 is being repaid by 15 equal semiannual payments, with the first payment to be made six months from now. Interest is

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A debt of $17,000 is being repaid by 15 equal semiannual payments, with the first payment to be made six months from now. Interest is at the rate of 3% compounded semiannually. However, after two years, the interest rate increases to 4% compounded semiannually. If the debt must be paid off on the original date agreed upon, find the new semiannual payment. The new semiannual payment is $ (Round the final answer to the nearest dollar as needed, Round all intermediate values to six decimal places as needed.) More Enter your answer in the answer box and then click Check

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