Question: A $10,000 loan at 8% compounded semiannually is to be repaid by three equal payments due 2 , 4, and 7 years after the

A $10,000 loan at 8% compounded semiannually is to be repaid by three equal payments due 2 ½ , 4, and 7 years after the date of the loan. What is the size of each payment?

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