I am having a small problem here im not realy looking for the answer to this question rather a little push in the right direction. Here is my question:

1. Payments of $4000 each due in four, nine, and eleven months from now are to be settled by three equal payments due today, six months from now, and twelve months from now. What is the amount of equal payments if interest is 7.35% and the agreed focal date is today.

So do i bring all the amounts back to the focal date(today) by using 4000/1+7.35%(4/12) then bring all of the amounts back up to the new dates? then where do i go from there. I realize this is probaly a very simple question but its all new to me. I appreciate any help that can be given to me.

Thanks in advance.

Jason