Three Debts

[Pipes]

500 due in one year
1500 due in 2 years, plus simple interest at 6%
2000 due in three years, plus simple interest at 5%

The individual wants to discharge these debts paying 1000 now and two equal unknown payments in one and two years from now. I have to find the amount of the equal payments if the money, at present, is worth 10% simple interest using a focal date of two years.

I'm at a loss here!!

 

[firemath]

Let's see.
Are these debts compounded on each other? Is the 500 of the first year part of the 1500 of the second?

 

[firemath]

According to your first post, your grand total of debt, including interest, is $4818.
So after the first $1000 payment, the total of debt left will be $3818.
$3818/2 is $1909.
So your equal payments will be $1909.
Is this your question? Please tell me if I answered the wrong question.