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Payments of $2,498 in 5 years and $1,755 in 10 years to settle a loan are to be rescheduled with a payment of $1,973 in
Payments of $2,498 in 5 years and $1,755 in 10 years to settle a loan are to be rescheduled with a payment of $1,973 in 0.5 years and an unknown payment in 9.5 years. What is the size of the unknown payment if the interest rate is 4.04% compounded semi-annually. (Round your final answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.)
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