Dan borrowed $1227 today and is to repay the loan in two equal payments. The first payment is in four months, and the second payment is in eleven months. If interest is 3% per annum on the loan, what is the size of the equal payments? Use today as the focal date.

Dan borrowed 51227.00 today and is to repay the loan in two equal payments. The first payment is in four months, and the second payment is in eleven months. If interest is 3% per annum on the loan, what is the size of the equal payments? Use today as the focal date. 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.)