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Payments of $1,500 in 1 year and another $2,900 in 6 years to settle a loan are to be rescheduled with a payment of $800

Payments of $1,500 in 1 year and another $2,900 in 6 years to settle a loan are to be rescheduled with a payment of $800 in 24 months and the balance in 30 months. Calculate the payment required in 30 months for the rescheduled option to settle the loan if money earns 5.85% compounded semi-annually during the above periods

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