quantative methods

Maddy was scheduled to make payments of $5,000 in 14 years from now, and $7,500 in 4 % years from now. She is proposing an alternative arrangement that would involve a payment in 6 months from now, followed by a payment of $11,000 in 3 years from now. How much would the payment in 6 months from now need to be in order for the two streams to be economically equivalent? Assume that money can earn 5% compounded semi- annually. Hints: A timeline would be helpful and compare the payments at one focal point Round to two places after the decimal. 1/Y P/Y N PV PMT FV Pmt 1/Y P/Y N PV PMT FV Pmtz 1/Y P/Y N PV PMT FV Pmts The payment six months from now needs to be $ for both payment streams to