Question 3. You didn't have the money to pay for an office equipment so the seller agreed to let you pay for it by making a single payment of $56,750 two years from now. Your cash flow is better than you expected so you want to repay the loan sooner. Today, you paid the seller $26,000 and plan to pay off the loan with a final payment in nine months (from today). The interest rate is 12% compounded monthly. Suggested focal date: Nine months from today. (a) Draw a well-labelled time diagram. [2 marks] Time (b) Find the size of the final payment. [5 marks]