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A loan of $4,500 taken out 3 years ago is to be repaid by two equal installments due now and 2 years from now, respectively.

A loan of $4,500 taken out 3 years ago is to be repaid by two equal installments due now and 2 years from now, respectively. What is the size of the equal installments if interest on the loan is 2.6% p.a. compounded semi-annually?

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