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Sheridan Ltd. signed an instalment note on January 1, 2020, in settlement of an account payable of $46,500 owed to Mott Ltd. Sheridan is able to borrow funds from its bank at 10%, whereas Mott can borrow at the rate of 9%. The note calls for two equal payments of blended principal and interest to be made at December 31, 2020 and 2021. Using (1) factor Table A.4.(2) a financial calculator, or (3) Excel function PV. calculate the amount of the equal instalment payments that will be made to Mott Ltd. (Hint: Refer to Chapter 3 for tips on calculating) (For calculation purposes, use 5 decimal placeras displayed in the factor table provided and round final answer to 2 decimal places, es 5.275.75.) Click here to view the factor table PRESENT VALUE OF 2 Click here to view the factor table PRESENT VALUE OF AN ANNUETY OF 1. Amount of the equal instalment to be paid $