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Two debes. the fint of $2000 due three months age and the second of $1100 borrowed two yoars ago for a term of five yours

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Two debes. the fint of $2000 due three months age and the second of $1100 borrowed two yoars ago for a term of five yours at 5.3% compouncod annualy, are to be replaced by a singh payment one year from now. Determine the sze of the replacement payment it interest is 6.1% compounded quarterly and the focal date is one year from now. The size of the replacement payment is {. (Reund to the nearest cant as nended Round at internodiate values to ux decimul places as needed)

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