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Answer is $232.13 equal payments for the 2nd year and 3rd year Please provide a solution to this question with this answer.. Thank You ..

Answer is $232.13 equal payments for the 2nd year and 3rd year

Please provide a solution to this question with this answer.. Thank You ..

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9. A debt of $1000 is due at the end of 4 years. If money is worth 8% compounded monthly, and $375 is paid at the end of 1 year, what equal payments at the end of 2 and 3 years, respectively, would liquidate the debt

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