Two scheduled debt payment of $312 each are due 4 months and 9 months from now respectively. If interest of 4% is allowed, what single payment today is required to settle two payments? Round to the nearest cent as needed. Please provide a detailed solution on paper.

Two scheduled debt payments of 5912 each are due four months and nine months from now respectively interest is lowed, what single payment today is required to the ho scheduled payment? The single payment required to the two scheduled payments (Round the final anwer to the nearest centreded. Round wil intermediate ale to six decimal places as needed)