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Krista borrowed $16,217. The loan is to be repaid by three equal payments due in 89, 165, and 261 days from now respectively. Determine the

image text in transcribed Krista borrowed $16,217. The loan is to be repaid by three equal payments due in 89, 165, and 261 days from now respectively. Determine the size of the equal payments at an interest rate of 8% with a focal date of today. 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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