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A debt of R20 000, bearing interest at 5% p.a. compounded semi - annually, will be paid off by a R5 000 payment in 2

A debt of R20 000, bearing interest at 5% p.a. compounded semi - annually, will be paid off by a R5 000 payment in 2 years plus a sequence of 8 equal semi - annual payments starting at the end of the 3rd year. Find the regular payment.

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