Determine the size of the equal payments if the loan was
A loan of $8000 is to be repaid by 3 equal payments due in 6 months, 12 months, and 18 months respectively. Determine the size of the equal payments if the loan was granted at 12% p.a. compounded semi-annually. Make sure that it makes sense!
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a loan of 8000 is to be repaid by 3 equal payments due in 6 months 12 months and 18 months respectively determine the
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