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Bob borrows $6,000 on June 1, 2021. He repays the loan with 20 annual payments starting June 1, 2022. The payments in even-numbered years are
Bob borrows $6,000 on June 1, 2021. He repays the loan with 20 annual payments starting June 1, 2022. The payments in even-numbered years are X each and the payments in odd- numbered years are Y each. If i=8% p.a. effective, and the total of all 20 loan payments is $12,000, find X and Y
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