Question: Julia currently owes $ 6 , 0 0 0 to a friend who is charging her interest of 2 . 8 0 % p .

Julia currently owes $6,000 to a friend
who is charging her interest of 2.80%
p.m. She is required to settle the loan
with two equal payments, one today and
the other in seven months. Calculate the
size of the payments using seven months
as the focal date.
Julia currently owes $6,000 to a friend who is charging her

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