Juan takes out a loan from Aponi. It is agreed that Juan will pay back the loan in two payments, $8,190 after 5 years and $7,020 after 6 years. Juan decides he wants to renegotiate the payment schedule so that he has two equal payments at 1 and 7 years. What should Juan's equal payments be? Assume money can earn 2.1% interest compounded quarterly. Original Payment Schedule: Today5 Years6 Years$8,190$7,020PV1PV2+TotalTime Diagram Start by calculating the following values on the time diagram for the original payment schedule. PV1 =$ PV2 =$ Total =$ Renegotiated Payment Schedule: Today1 Years7 YearsxxPV3PV4+TotalTime Diagram Now calculate the following values on the time diagram for the renegotiated payment schedule. Some of your values may be given in terms of x. PV3 =$ PV4 =$ The value of each payment, x, is $