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A loan of $ 3260 borrowed today is to be repaid in three equal installments due in one-and-a-half years , four years, and six years,
A loan of $3260 borrowed today is to be repaid in three equal installments due in one-and-a-half years, four years, and six years, respectively. What is the size of the equal installments if money is worth 1.8% compounded quarterly?
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