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A loan of $3716 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three years, and five-and-a-half years, respectively. What

A loan of

$3716

borrowed today is to be repaid in three equal installments due in

one-and-a-half

years,

three

years, and

five-and-a-half

years, respectively. What is the size of the equal installments if money is worth

5.8%

compounded monthly?

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