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A demand loan of $3000.00 is repaid by payments of $1500.00 after two years, $1500.00 after four years, and a final payment after seven years.

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A demand loan of $3000.00 is repaid by payments of $1500.00 after two years, $1500.00 after four years, and a final payment after seven years. Interest is 5% compounded semi-annually for the first two years, 6% compounded annually for the next two years, and 6% compounded quarterly thereafter. What is the size of the final payment? The final payment is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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