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Laura was supposed to pay Amber $4,300, 6 months ago, and $1,780, 5 months from now. If she wants to reschedule these payments with two
Laura was supposed to pay Amber $4,300, 6 months ago, and $1,780, 5 months from now. If she wants to reschedule these payments with two payments, one payment of $3,000 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 3.75% p.a. and the agreed focal date is 3 months from now.
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