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Carl borrowed $7,000.00 at 6.00% p.a. She wants to settle this loan with 2 equal payments, one in 7 months and another in 14 months.

Carl borrowed $7,000.00 at 6.00% p.a. She wants to settle this loan with 2 equal payments, one in 7 months and another in 14 months. Determine the size of the payments using 'now' as the focal date.

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