A loan for 8000000 is to be paid with 12 equal payments, Business Economics

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A loan for 8000000 is to be paid with 12 equal payments

A loan for $80000.00 is to be paid with 12 equal payments, paid every other month (6 payments a year) ,The first payment being 9 months after barrowing the money. The interest rate is 12% pre year compounded monthly. What is the size of each of the 12 payments?

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Business Economics: A loan for 8000000 is to be paid with 12 equal payments

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