Laurel had an agreement to make three debt payments to Micheala:

$$1,000$ one year from now

$$1,200$ eighteen months from now

$$2,00027$ months from now

Laurel would like to settle the entire debt $3$ months from now instead. If Micheala is charging interest of $2\mathrm{.}5\%$ compounded semi$-$annually, determine the economically equivalent value of each original payment in $3$ months:

The equivalent value in $3$ months of the $$1,000$ due one year from now $=$

A$)$

The equivalent value in $3$ months of the $$1,200$ due $18$ months from now $=$

A

The equivalent value in $3$ months of the $$2,000$ due $27$ months from now $=$

A

What single payment should Micheala accept $3$ months from now?