Question: A contract can be fulfilled by making an immediate payment of $11,900 or equal payments at the end of every sixmonths for 4 years. What

A contract can be fulfilled by making an immediate payment of $11,900 or equal payments at the end of every sixmonths for 4 years. What is the size of the semi-annually payments at 11.2% compounded semi-annually?

The payment is $

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