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A loan of $5708 borrowed today is to be repaid in three equal installments due in one-and-a-half years, four years, and five-and-a-half years, respectively. What

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A loan of $5708 borrowed today is to be repaid in three equal installments due in one-and-a-half years, four years, and five-and-a-half years, respectively. What is the size of the equal installments if money is worth 8% compounded monthly? The payments are each s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed )

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