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Question 10 (8 points) Three payments of $2000 each (originally due six months ago, today, and six months from now) have been renegotiated to two
Question 10 (8 points) Three payments of $2000 each (originally due six months ago, today, and six months from now) have been renegotiated to two payments: $3000 due one month from now and a second payment due in four months. What must the second payment be for the replacement payments to be equivalent to the originally scheduled payments? Assume that money can earn an interest rate of 3.69% p.a. Use 4 months from now as the agreed focal date. Include a well-labelled timeline diagram. Enter your final answer in the accompanying textbox. Upload a photo of your hand- written solution on D2L under Assignments in the Test 1 folder. Format BI U
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