days $4$ hours

Question $4$ of $4$

$1(\frac{0}{2})$

$2(\frac{0}{2})$

$3(3)$

$4(2)$

Payments of $$1,550$ in $1$ year and another $$2,600$ in $5$ years to settle a loan are to be rescheduled with a payment of $$800$ in $24$ months and the balance in $30$ months. Calculate the payment required in $30$ months for the rescheduled option to settle the Ioan if money earns $6\mathrm{.}45\%$ compounded semi$-$annually during the above periods.

Round to the nearest cent

Search