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Scheduled loan payments of $1186 due in 6 months and $203 due in 15 months are rescheduled as a payment of $1062 due in 39
Scheduled loan payments of $1186 due in 6 months and $203 due in 15 months are rescheduled as a payment of $1062 due in 39 months and a second payment due in 45 months. Determine the size of the second payment if interest is 3.3% compounded semi-annually and the focal date is 45 months from now.
The size of the second payment is $______ (round to nearest cent).
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