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Nine months ago, Muriel agreed to pay Aisha $ 1 , 4 0 0 and $ 8 0 0 on dates 6 and 1 2

Nine months ago, Muriel agreed to pay Aisha $1,400 and $800 on dates 6 and 12 months, respectively, from the date of the agreement. With each payment Muriel agreed to pay interest at the rate of 7% from the date of the agreement. Muriel failed to make the first payment and now wishes to settle her obligations with a single payment four months from now.
What payment should Aisha be willing to accept if money can earn 51/2%?

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