Several payments are to be made by a person with a lot of debts. 1st payment: 2,000 compounded quarterly at 2% for 2yrs 2nd payment: 4,000 payable compounded semi-annually at 7% for 3yrs every end of the month 3rd payment: 3,000 compounded annually at 8% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the persons debt? Note: payments are made sequentially