To pay for this semester's tuition, you borrowed $9,000 from your grandmother two months ago You agreed to pay her back at a rate of 4.75%, simple interest. An opportunity came up to study abroad next semester, Your grandmother agrees to loan you an extra $8,000 today, but she insists that you repay her in 3 equal instalments, every 3 months starting 6 months from today. Using 12 months from today as a focal date, compute the amount of each payment