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Mitchell owes $ 6 , 0 0 0 to a friend who is charging her simple interest of 3 . 2 5 % p .

Mitchell owes $6,000 to a friend who is charging her simple interest of 3.25% p.a.
She is required to settle the loan with two equal payments, one today and the other in eight months. Calculate the size of the equal payments using eight months as the focal date.

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