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2.) Three payments of $5,000 each are overdue to the same person by 1.5 years, 1...


2.) Three payments of $5,000 each are overdue to the same person by 1.5 years, 1 year, and 0.5 years. In addition, three future payments of $5,000 each are due in 0.5 years, 1 year, and 1.5 years. Using an interest rate of 5.35% compounded quarterly, the debtor wants to make a single payment of $25,750. When should this payment be made?
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