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a 26,000 loan borrowed today is to be repaid by 3 equal payments due 11 months from now, 2 year and 5 months from now

a 26,000 loan borrowed today is to be repaid by 3 equal payments due 11 months from now, 2 year and 5 months from now and 6 years from now. Calculate the size of each payment if money is worth 2.17% compounded quarterly.

USE A TIME LINE

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