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A loan of $ 2 7 5 7 borrowed today is to be repaid in three equal installments due in one - and - a

A loan of $2757 borrowed today is to be repaid in three equal installments due in one-and-a-half years,
three-and-a-half years, and five years, respectively. What is the size of the equal installments if money is worth 2.2%
compounded 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.)
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