Debts of $1 480.00 due four months ago and $1 385.00 due in one month are to be settled by two equal payments due now and nine months from now respectively. Find the size of the equal payments at 12% p.a. with the agreed focal date now. Question 16 options: a) $1 533.32 b) $1 517.91 c) $1 588.92 d) $1 542.18