: Kiara was supposed to make a payment of $3,500 in 1 year and another payment for $1,500 in 8 years to Maroon Inc. as part of a payment plan. Instead, she is trying to reach an agreement with the company where she would settle both payments in 4 years. Assume that money is worth 4.10% compounded semi-annually. a. Calculate the equivalent value of the $3,500 payment and the $1,500 payment today. (4 marks) b. Calculate the size of the payment required in 4 years to settle the amount.