David was supposed to make a payment of $3,250 in 2 years and another payment for $1,000 in 7 years to Maroon Inc. as part of a payment plan. Instead, she is trying to reach an agreement with the company where she would settle both payments in 4 years. Assume that money is worth 3.38% compounded semi-annually. a. Calculate the equivalent value of the $3,250 payment and the $1,000 payment today. Round to the nearest cent b. Calculate the size of the payment required in 4 years to settle the amount