000 with a term of five years and bearing interest at 8.6% compounded semi-annually.(ii)a debt arising from a loan that he took out nine months ago for $5000 with a term of two years and bearing interest at 9.2% compounded monthly.Quincy now wishes to settle both debts by making two equal payments, the first six months from today and the second in two years. If money is worth 8.75% compounded quarterly, determine the size of the payments. Use six months fromtoday as the focal date