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[Solution] A debt of $12,000, which is due 10 years from now, is instead to be paid off by four payments: $3000 now, $2000 in 3 years, $2000 in 6 years,

Question: A debt of $12,000, which is due 10 years from now, is instead to be paid off by four payments: $3000 now, $2000 in 3 years, $2000 in 6 years, and a final payment at the end of 8 years. What would this payment be if an interest rate of $5.5 \%$ compounded semiannually is assumed?

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[Solution] A debt of $12,000, which is due 10 years from now, is instead to be paid off by four payments: $3000 now, $2000 in 3 years, $2000 in 6 years,

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