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= Homework: Homework 4 Question 8, 9.5.7 > HW Score: 88.89%, 8 of 9 points @ Points: 0 of 1 Save Two debts, the first

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= Homework: Homework 4 Question 8, 9.5.7 > HW Score: 88.89%, 8 of 9 points @ Points: 0 of 1 Save Two debts, the first of $1500 due six months ago and the second of $1600 borrowed one year ago for a term of four years at 4.3% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 5.2% compounded quarterly and the focal date is one year from now. The size of the replacement payment is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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