Question: Matthew is expected to settle a loan on May 1st, 2019 by paying $6,500. What amount should he pay if he decides to settle it

Matthew is expected to settle a loan on May 1st, 2019 by paying $6,500. What amount should he pay if he decides to settle it on June 10th, 2018 instead? The interest rate is 3.34% compounded semi-annually.

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