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A loan of $2609 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three years, and five years, respectively. What

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A loan of $2609 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three years, and five years, respectively. What is the size of the equal installments if money is worth 4.2% compounded semi-annually? The payments are each $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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