A scheduled payment of S5000 due in three months is to be replaced by two equal payments. The 1st payment is due inrone

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answerhappygod
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A scheduled payment of S5000 due in three months is to be replaced by two equal payments. The 1st payment is due inrone

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A scheduled payment of S5000 due in three months is to be replaced by two equal
payments. The 1st payment is due inrone month and the 2nd payment in six months.
Calculate the size of the equal payments if money can earn 6% compounded monthly with 30 june focal date
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