A loan of $7000 is to be repaid by three equal payments one and a half year from now, three years and four and three quarter years from now respectively. What is the size of the equal payments if...

Extracted text: A loan of $7000 is to be repaid by three equal payments one and a half year from now, three years and four and three quarter years from now respectively. What is the size of the equal payments if interest on the debt is 15% compounded quarterly ? Use six decimal places for intermediate calculations and round the final answer to 2 decimal places (e.g., 0,00) Be sure to show the tinancial calculator inputs for PY, I, PV, CY, N, FV and PMT on the document that you will hand in at the end of the test. Show the work for each calculation (required). Include a timeline if desired (optional)