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Laurel had an agreement to make three debt payments to Michaela: $1,000 one year from now, $1,200 18 months from now, and $2,000 27 months

Laurel had an agreement to make three debt payments to Michaela: $1,000 one year from now, $1,200 18 months from now, and $2,000 27 months from now. What single equivalent payment should Laurel make if she can afford to settle all three debts 3 months from now? Michaela is charging an interest of 2.5% compounded semi-annually.

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