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Dan borrowed $1557.00 today and is to repay the loan in two equal payments. The...

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Accounting

Dan borrowed $1557.00 today and is to repay the loan in two equal payments. The first payment is five months, and the second payment is seven months. If interest is 3% per annum on the loan, what is the size of the equal payment? Use today as the focal date.

The size of the equal payments is[]?

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