use TI BA II calculator.

16. Six months Fago Old Dutch Foods purchased some new machinery for a new product line that they just developed. The supplier agreed to three payments on the machinery of $40,000 due today, $85,000 due in six months, and $75,000 due in 15 months. The new product line has not been as successful as initially planned, so Old Dutch Foods has proposed an alternative agreement involving three payments, cach due at 3 months, 9 months, and 21 months. The second payment is to be double the first payment, and the last payment is to be double the second payment. If the supplier is agreeable to this and wants an interest rate of 8.55% compounded monthly, determine the payments required in the proposed agreement