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A person owes $2000 at the end of 4 years and $8300 at the end of 9 years. Due to changes in their financial situation,

A person owes $2000 at the end of 4 years and $8300 at the end of 9 years. Due to changes in their financial situation, the person was allowed to pay $1600 at the end of 2 year(s) and a final payment at the end of 12 years using 11% compounded annually for the settlement. Determine the amount required to settle the debt at the end of 12 years.

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