A loan of $4286 borrowed today is to be repaid in three equal installments due in , one year, three years and five and half years respectively. What is the size of the equal installments if money is worth 5.2% compounded semi annually .

Question content area bottom Part 1 The payments are each $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)