Question: Question 1 ( 1 0 points ) Today is Max s lucky day! They won $ 8 5 , 0 0 0 . 0 0
Question points Today is Maxs lucky day! They won $ on a lottery scratch ticket. Max is excited to pay off a car loan they took out months ago. The first $ payment was due months ago; however, Max was not able to pay it Additional payments as per loan agreement are $ and $ due and months from now, respectively. This loan charges interest at compounded semiannually. Max is hoping to pay off the loan with lump sum in months when they receive the winnings. How much is the payment required to pay off the loan at the focal date?
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