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Question 3 A debt of RM4500 was due 3 months ago and another debt of RM1000 will be due in ten months. These debts are

Question 3

A debt of RM4500 was due 3 months ago and another debt of RM1000 will be due in ten months. These debts are to be settled by two equal payments, one at the end of four months and another at the end of 8 months. What is the values of the payment if:

a.The present is used as the focal date?

b.The focal date is the end of six months?

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