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Li owes $1900 at the end of 5 years and $4750 at the end of 9 years. At the end of 4 years, Li comes
Li owes $1900 at the end of 5 years and $4750 at the end of 9 years. At the end of 4 years, Li comes into some money. By mutual agreement with the lender, Li is allowed to pay off both notes at the end of 4 years using 14% interest compounded quarterly in the settlement. How much is required to settle the debt at the end of 4 years?
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