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An obligation of $ 2 5 , 0 0 0 is due today, but it was decided to pay the debt in two equal payments

An obligation of $ $25, 000$ is due today, but it was decided to pay the debt in two equal payments one $2$ year and the other $5$ years from now. If the focal date is today, and the rate of interest is $4.15 %$ compounded quarterly, how much is each payment?

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An obligation of $ 2 5 , 0 0 0 is due today, but it was decided to pay the debt in two equal payments

An obligation of $25,000 is due today, but it was decided to pay the debt in two equal payments one 2 year and the other 5 years from now. If the focal date is today, and the rate of interest is 4.15% compounded quarterly, how much is each payment?

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An obligation of $ $25, 000$ is due today, but it was decided to pay the debt in two equal payments one $2$ year and the other $5$ years from now. If the focal date is today, and the rate of interest is $4.15 %$ compounded quarterly, how much is each payment?