What is the size of the annuities, Microeconomics

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What is the size of the annuities

Problem

A person has requested a loan of $10,000 from a banking institution that charges 12% annual interest, compounded every semester. This person wants to repay the loan in six equal annuities. If the first payment is made at the time of receiving the loan, what is the size of these annuities?

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Microeconomics: What is the size of the annuities

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Microeconomics: What is the size of the annuities

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