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Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November

Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th 2013 and May 31st 2013. You wish to have the total sum of the required money for July 31st 2013. Assuming that only the three equal payments are made, how large should the payments be if you earn a simple interest rate of 7%?

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