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Question 4 of 7 Alexis owes $ 8 , 0 0 0 to a friend who is charging him simple interest of 4 . 7

Question 4 of 7
Alexis owes $8,000 to a friend who is charging him simple interest of 4.75% p.a. He is required to settle the loan with two equal payments, one today and the other in six months. Calculate the size of the equal payments using six months as the focal date.
Round to the nearest cent
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