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A loan of $2500 taken out on April 2 requires equal payments on May 25, July 20, September 10, and a final payment of $500

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A loan of $2500 taken out on April 2 requires equal payments on May 25, July 20, September 10, and a final payment of $500 on October 15. If the focal date is October 15, what is the size of the equal payments at 9% simple interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Size of the equal payments

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