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  3. a person owes $2550 at the end of 5 years and $580

A person owes $2550 at the end of 5 years and $5800 at the end...

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Accounting

A person owes $2550 at the end of 5 years and $5800 at the end of 10 years. Due to changes in their financial situation, the person was allowed to pay $2150 at the end of 3 year(s) and a final payment at the end of 13 years using 13% compounded annually for the settlement. Determine the amount required to settle the debt at the end of 13 years.

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