When you purchased an item on credit, the following plan was agreed: a down payment of $625,000 and three payments of $285,000, $400,000 and $850,000 at three, five and eight months, respectively, with an interest rate of 5.3% per quarter. After four months, the debtor pays one-fourth of the balance on that date and the remainder two months later. Determine the value of each of these payments. Please do as much detail as possible and I will gladly leave my like.