If Carlo is to purchase his dream car he needs to find a way to get P2,500 in cash right now! Carlo finds a bank that is willing to help him out. If the bank is willing to discount an amount to help...

If Carlo is to purchase his dream car he needs to find a way to get P2,500 in cash right now! Carlo finds a bank that is willing to help him out. If the bank is willing to discount an amount to help Carlo – what is the amount of the loan Carlo must repay to the bank in 6 months? Assume the bank uses a discount rate of 8 ½%.