Question: A owes B two sums of money: $1000 plus interest at \(7 \%\) compounded annually, which is due in five years, and $2000 plus interest at \(8 \%\) compounded semiannually, which is due in seven years If both debts are to be paid off by a single payment at the end of six years, find the amount of the payment if money is worth \(6 \%\) compounded quarterly.

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