She is required to settle the amount with two equal


Meghan owes $12,800 to a friend who is charging her interest of 1.20% p.m. She is required to settle the amount with two equal payments, one immediately and the other in 6 months. Calculate the size of the two equal payments, using 6 months as the focal date. Round to the nearest cent.

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Finance Basics: She is required to settle the amount with two equal
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