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Calculate the value of the fees to pay

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A person has to pay $ 600 in 90 days at 6% daily simple interest. 900 to pay within one year and 500 to pay after 1 year 9 months at 3% simple quarterly. You agree with your creditor to cancel obligations with two unknown equal payments every 9 months and accept a simple 6% per year with a focal date of 1 year.

Question 1: You need to calculate the value of the fees to pay.

Question 2: What is the value to pay?

Reference no: EM132584005

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