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Question 23 (3 points) Ken had originally promised to pay Jane $1,500 3 months ago, $1,150 today and $1,150 4 months from now. Ken missed
Question 23 (3 points) Ken had originally promised to pay Jane $1,500 3 months ago, $1,150 today and $1,150 4 months from now. Ken missed his first payment and both parties have agreed to a new deal. Ken will now make two equal payments - one today and the remainder in 3 months. Calculate each payment using an interest rate of 7.75% compounded monthly. Round your answer to 2 decimals. On your worksheet, clearly label and show your work including your completed timeline. Your
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