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dan borrowed $ 1 2 9 0 today and is to repay the loan in two equal payments . the first payment is in three

dan borrowed $

1290

today and is to repay the loan in two equal payments

.

the first payment is in three months, and the second payment is in eight months. if interest is

8 %

per annum on the loan

,

what is the size of the equal payments

?

use today as the focal date

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