A loan of $2300 is due in 7 years. If money is worth 5% compounded annually, find the equivalent payments that would settle the debt at the times shown below. (a) now (b) in 2 years (c) in 7 years (d) in 10 years

A loan of $2300 is due in 7 years. If money is worth 5% compounded annually, find the equivalent payments that would settle the debt at the times shown below. (a) now (b) in 2 years (c) in 7 years (d) in 10 years