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Payments of $1,550 in 1 year and another $2,700 in 6 years to settle a loan are to be rescheduled with a payment of $1,050

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Payments of $1,550 in 1 year and another $2,700 in 6 years to settle a loan are to be rescheduled with a payment of $1,050 in 12 months and the balance in 36 months. Calculate the payment required in 36 months for the rescheduled option to settle the loan if money earns 4.6% compounded semi-annually during the above periods. Round to the nearest cent

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