Question: A $10 , 000 loan at 8% compounded semi-annually is to be repaid with three equal payments due 30 months, 4 years and 7 years

A $10, 000 loan at 8% compounded semi-annually is to be repaid with three equal payments due 30 months, 4 years and 7 years after the date of the loan. What is the size of each payment?

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