One year ago Alexander bought a car from Nicholas which was to be paid for with a

payment of $$2,0003$ months ago and $$70011$ months from now. Alexander missed the

first payment and now Nicholas wants him to settle the debt by making a single

payment today equivalent to the value of the two originally specified payments. How

much money would Alexander have to pay Nicholas if money could earn simple interest

of $1\mathrm{.}70\%$ per month?

Full Payment Amount: