Question: 3. Equal payment Sam would like to borrow $ 36,000. Money is worth 5% compounded semi-annually and she was given the following two options from

3. Equal payment Sam would like to borrow $ 36,000. Money is worth 5% compounded semi-annually and she was given the following two options from a different banks. Determine the size of the equal payments from the two different banks.

i. RBC offered three equal payments in 4 months and 9 months.

ii. NSCU offered three equal payments in 2 months, in 11 months, and 1.3 years

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