Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months from now , respectively. The first payment was not made. What payment two months from now is equivalent to the scheduled payments if money can earn 6 1/4% ?

if the first step is to find the pv then

S = 7500

P =

R = 0.0625

T = 4/12

7500 = P ( 1 + 0.0625 * 4/12 )

7500 = 1.02083P

P = 7346.94p

From there i'm puzzeled on what i should do