2. Amadala owes Nik $3.000 and $4,000, due nine months and two years from today, respectively. If she wants to pay off both debts today, what amount should she pay if money can earn 6% quarterly in the first year and 5.75% monthly in the second year?

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2. Amadala owes Nik $3.000 and $4,000. due nine months and two years from today, respectively. If she wants to pay off both debts today, what amount should she pay if money can earn
6% quarterly in the first year and 5.75% monthly in the second year?
Transcribed Image Text:2. Amadala owes Nik $3.000 and $4,000. due nine months and two years from today, respectively. If she wants to pay off both debts today, what amount should she pay if money can earn 6% quarterly in the first year and 5.75% monthly in the second year?
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