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A loan of $3552 borrowed today is to be repaid in three equal installments due in one year, three-and-a-half years, and five years, respectively. What
A loan of $3552 borrowed today is to be repaid in three equal installments due in one year, three-and-a-half years, and five years, respectively. What is the size of the equal installments if money is worth 3.4% compounded monthly? 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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