Calculate the size of the payments using six months as the


Garrett currently owes $8,000 to a friend who is charging him interest of 2.60% p.m. He is required to settle the loan with two equal payments, one today and the other in six months. Calculate the size of the payments using six months as the focal date.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Calculate the size of the payments using six months as the
Reference No:- TGS02364158

Expected delivery within 24 Hours