What must the size of the installment payments be

Reference no: EM13245821

A woman borrows $50,000 at 10% compounded quaterly. She wishes to repay the money with 10 equal semiannual installments. what must the size of the installment payments be if the first payment is to be made six months(2 quaters) after obtaining the $50,000?

Reference no: EM13245821

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