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A loan of $ 1 8 6 8 borrowed today is to be repaid in three equal installments due in two years, three - and

A loan of $

1868

borrowed today is to be repaid in three equal installments due in two years, three

-

and

-

-

half years, and five years, respectively. What is the size of the equal installments if money is worth

5.5 %

compounded quarterty?

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