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Oscar got a loan of $4762 borrowed today is to be repaid in three equal installments due in two years,three-and-a-half years, and five-and-a-half years, respectively.
Oscar got a loan of $4762 borrowed today is to be repaid in three equal installments due in two years,three-and-a-half years, and five-and-a-half years, respectively. What is the size of the equal installments if money is worth 5.4% compounded quarterly?
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