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Payments of $1,700 in 1 year and another $2,000 in 4 years to settle a loan are to be rescheduled with a payment of $850

Payments of $1,700 in 1 year and another $2,000 in 4 years to settle a loan are to be rescheduled with a payment of $850 in 18 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 3.1% compounded semi-annually during the above periods. Round to the nearest cent

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