Question: A $6000 loan at 9% compounded quarterly is to be settled by two payments. The first payment is due after nine months and the second

A $6000 loan at 9% compounded quarterly is to be settled by two payments. The first payment is due after nine months and the second payment, half the amount of the first payment, is due after 1 1/2 years. Determine the size of each payment.

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