A demand loan of $5000.00 is repaid by payments of ?$2000.00.after two years,$2000.00 after four years, and a final payment after seven years.
Interest is 5% compounded semi-annually for the first two years, 6% compounded quarterly for the next two years, and 6% compounded semi-annually there after.
What is the size of the final payment?
The final payment is $_____
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)