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Prateek owes $2800 at the end of 4 years and $7000 at the end of 8 years. At the end of 3 years, Prateek comes

Prateek owes $2800 at the end of 4 years and $7000 at the end of 8 years. At the end of 3 years, Prateek comes into some money. By mutual agreement with the lender, Prateek is allowed to pay off both notes at the end of 3 years using 13.25% interest compounded quarterly in the settlement. How much is required to settle the debt at the end of 3 years?

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