A loan of $1602 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three-and-a-half years, and five-and-a-half years, respectively. What is the size of the equal installments if money is worth 7.7% compounded semi-annually?

The payments are each $...

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)