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Craig owes Eric $6,000 due at the end of 2 years, and $3,500 due at the end of 6 years. Instead, Craig arranges with Eric

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Craig owes Eric $6,000 due at the end of 2 years, and $3,500 due at the end of 6 years. Instead, Craig arranges with Eric to repay his debt with 14 semi-annual payments based on il2) = 8%. Find the semi-annual payment assuming: If the first semi-annual payment is in 6-months, then the semi-annual payment rounded to the nearest dollar is $692. Find the value to the nearest cent. Number If the first semi-annual payment is in 3.5-years, find the semi-annual payment to the nearest cent. Number

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