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A debt of $1976 was due 149 days ago and one of $1613 is due in 196 days. A credit advisor decides you should settle

A debt of $1976 was due 149 days ago and one of $1613 is due in 196 days. A credit advisor decides you should settle the debts with two equal payments: the first payment is to be made today and the second in 338 days from today. Find the size of the equal payments if interest is 3.6% per annum. Use today as your focal date, and give your answer rounded to the nearest cent.

Note: It is simple interest, nothing related to compounding frequency. Use the info for the 2 year period with 0 as FV to find PV. Use that PV to input as FV for 3 year period. Find PV of 3 year period and that is your answer

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