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A debt of $2,500 is incurred at t=2. An annual simple interest rate of 8% on the unpaid balance agreed on. Three equal payments are

A debt of $2,500 is incurred at t=2. An annual simple interest rate of 8% on the unpaid balance agreed on. Three equal payments are made at t = 4,5, and 6 to pay off the debt, including interest payments. Determine the size of each payment

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