Teresita Has Three Financial Obligations to the Same Person: $2700

Short Answer

Teresita has three financial obligations to the same person: $2700 due in 1 year, $1900 due in 1½ years, and $1100 due in 3 years. She wishes to settle the obligations with a single payment in 2¼ years, when her inheritance will be released from her mother's estate. What amount should the creditor accept if money can earn 9% compounded monthly from the date nine months ago when the obligations were incurred?