Ashley wants to settle two outstanding loans of $1,300.00 due in 1 years and $5,300.00 due in 4 years, by making one payment today. If the interest rate is 5.95% compounded semi-annually, how much would Ashley have to pay?

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Making one payment today : Ashley wants to settle two outstanding loans of $1,300.00 due in 1 years and $5,300.00 due in 4 years, by making one payment today. If the interest rate is 5.95% compounded semi-annually, how much would Ashley have to pay? |

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