Question: 6.) Please show work. Answer complete sentences if it applies and please write legibly. Thank you for your help. 6) A debt of $9000 is

6.) Please show work. Answer complete sentences if it applies and please write legibly. Thank you for your help.

6) A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%, compounded semi-annually, what is the size of each payment? (Round your answer to the nearest cent.)

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