Jenna & Aadan purchased an item valued at $233,000. They paid $37,280 down and financed the rest at 4.18% compounded annually. To reduce the amount owing to $45,894 at the end of 4 years, what size of equal payments must Jenna & Aadan make at the end of each six months?

Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent.

P/Y =

C/Y =

N =

I/Y =

PV = $

PMT = $

FV = $

The size of each equal payment is (enter a positive value) $