equal replacement payments: scheduled $1500 pymt due 7 months ago

[Dra]

[FONT=&quot]Scheduled debt payments of $1500.00 due seven months ago, $1200.00 due two months ago, and $1800.00 due in five months are to be settled by two equal payments now and three months from now respectively. Determine the size of the equal replacement payments at 9% p.a. compounded monthly.

do I charge interest on the late payments or how do I do this?

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[stapel]

Scheduled debt payments of $1500.00 due seven months ago, $1200.00 due two months ago, and $1800.00 due in five months are to be settled by two equal payments now and three months from now respectively. Determine the size of the equal replacement payments at 9% p.a. compounded monthly.

do I charge interest on the late payments...?

Do the instructions tell you to charge interest? Do the worked examples in the textbook and your class notes show that interest is charged on past-due amounts?

When you reply, please include a clear listing of your thoughts and efforts so far. Thank you!