A debt of $9,940 is to be settled by two equal payments due in 2 months and 8 months respectively. Determine the amount of the equal payments if money is worth 5% compounded monthly and the focal date is today.

andil owes two debt payments a payment of $5,178 that was due today and a payment of $1,976 due in 12 months. If Greg makes a payment now of $1000 and another payment in 7 months, what would this payment be if money is worth 6.59% p.a. simple interest? Assume a focal date of 7 months.