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A loan of $1260 borrowed today is to be repaid in three equal installments due in two years, three years, and five years, respectively. What

A loan of $1260 borrowed today is to be repaid in three equal installments due in two years, three years, and five years, respectively. What is the size of the equal installments if money is worth 7.7% compounded annually?
The payments are each $

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