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Dan borrowed $ 1 2 7 7 . 0 0 today and is to repay the loan in two equal payments. The first payment is

Dan borrowed $1277.00 today and is to repay the loan in two equal payments. The first payment is in four months, and the second payment is in seven months. If interest is 4% per annum on the loan, what is the size of the equal payments? Use today as the focal date.
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Part 1
The size of the equal payments is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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