Joe Electric, Inc. is unable to pay some outstanding debts. They have a loan for $11,000 which was due on March 1 and another for $6,000 which was due on November 1, both at 6.0% interest. Joe, the company owner, has made arrangements to payoff the two outstanding loans at 6.5% interest on September 10. What will be the final payment amount on September 10 to satisfy all of Joe Electric, Inc.’s debts if the agreed upon focal date is August 1? Draw a timeline as part of your solution.