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A loan of $4908 borrowed today is to be repaid in three equal installments due in two years, three years, and five dash and dash
A loan of $4908 borrowed today is to be repaid in three equal installments due in two years, three years, and five dash and dash a dash half years, respectively. What is the size of the equal installments if money is worth 9.6 % compounded monthly question mark
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