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David was supposed to pay Patricia $ 5 , 4 0 0 , 6 months ago, and $ 1 , 0 0 0 , 5

David was supposed to pay Patricia $5,400,6 months ago, and $1,000,5 months from now. If he wants to reschedule these payments with two payments, one payment of $2,300 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 6.75% p.a. and the agreed focal date is 3 months from now.

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