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Jacqueline was supposed to pay Jeremy $6,400 6 months ago and $1,000 in 5 months. If she wants to repay this amount with two equivalent

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Jacqueline was supposed to pay Jeremy $6,400 6 months ago and $1,000 in 5 months. If she wants to repay this amount with two equivalent payments of $3,100 today and the balance amount in 4 months, calculate the balance amount. Assume interest is 5.90% p.a. and the agreed focal date is 4 months from now. Round to the nearest cent

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