34 You have a line of credit that charges interest at j12 = 8%. You...
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Accounting
34 You have a line of credit that charges interest at j12 = 8%. You borrowed $4,000 six months ago and $2,000 two months ago. You would like to repay the loan with two equal payments at six and twelve months. Find the size of the equal payments. Use 6 months as the focal date.
Please use the financial calculator to show your work.
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