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Question 18 (3 points) Word Problem Question 2: (You must submit an image of your FULL solution to the question in eConestoga. Go to Course
Question 18 (3 points) Word Problem Question 2: (You must submit an image of your FULL solution to the question in eConestoga. Go to "Course Tools", "Assignments". (Midterm Submission) Payments of $2,000 due 7 months ago and $4,000 due in 8 months from now will be replaced by one equivalent payment six months from now. If money can earn 5% simple interest, what is the size of this payment? (Round final answer to 2 decimal places, no $ sign. For example, 589,123 36 input as 89.123.36) Do not round intermediate steps
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