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(b) Amina has two debts. The first debt of RM4,000 will mature at the end of the first year, while another debt of RM5,500 will
(b) Amina has two debts. The first debt of RM4,000 will mature at the end of the first year, while another debt of RM5,500 will be due at the end of the sixth year. She wants to settle both debts by making two equal repayments, one at the end of the second year and another at the end of the fourth year. What is the payment amount if the money is worth \5.5 compounded semi-annually
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