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A loan of $23372337 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three-and-a-half years, and six years, respectively. What
A loan of $23372337 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three-and-a-half years, and six years, respectively. What is the size of the equal installments if money is worth 5.3 % compounded semi annually?
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