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An obligation of $5150.00 due in 2.5 years is to be settled by four equal payments due today, nine months from now, 21 months from

An obligation of $5150.00 due in 2.5 years is to be settled by four equal payments due today, nine months from now, 21 months from now, and 27 months from now, respectively. What is the size of the equal payment at 8.88% p.a. compounded monthly?

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