Answer asap showing all steps please. A contract between two parties (company...
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Answer asap showing all steps please.
A contract between two parties (company X&Y ) was created such that in return for services rendered, company X would provide payments of $15,000 in 8 months, $35,000 in 16 months, and $40,000 in 24 months. However, a clause was inserted in the contract that allowed company X to pay two equal lump sum payments in months 30 and 36 . If interest on the contract is 6.5% compounded annually, determine the value of the lump sum payments that should be written in the contract. When entering your answer, round your values to two decimal places, and use a \$ symbol as well as the correct comma separator. For example $12,345.67
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