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Laura currently owes $7,000 to a friend who is charging her interest of 2.40% p.m. She is required to settle the loan with two equal

Laura currently owes $7,000 to a friend who is charging her interest of 2.40% p.m. She is required to settle the loan with two equal payments, one today and the other in four months. Calculate the size of the payments using four months as the focal date

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