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A financial obligation was to be settled in two payments. The first payment of $1,500 was due 2.5…

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A financial obligation was to be settled in two payments. The first payment of $1,500 was due 2.5 years ago. The second payment of S1.500 is due 55 years from now. Th debtor missed the first payment and has proposed to settle the obligation with two payments that will be the scomonic equivalent of the original two payments. The debtor has proposed a payment of $1,250 today and a second payment in 4.0 years from now. What should the second payment be if money can com 8.50% compounded sem annually? For full marks your answer(s) should be rounded to the nearest cent. Second payment = $ 0.00

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