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Frank had originally promised to pay Jane $1,500 3 months ago, $1,300 today and $1,250 4 months from now. Frank missed his first payment and

Frank had originally promised to pay Jane $1,500 3 months ago, $1,300 today and $1,250 4 months from now.

Frank missed his first payment and both parties have agreed to a new deal. Frank will now make two equal payments - one today and the remainder in 3 months.

Calculate each payment using an interest rate of 8.05% compounded monthly. Round your answer to 2 decimals.

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