Q20: A debt of $1560 was due 97 days ago and one of $1931 is due in 286 days. A credit advisor decides you should settle the debts with two equal payments: the first payment is to be made today and the second in 440 days from today. Find the size of the equal payments if interest is 4.8% per annum. Use today as your focal date, and give your answer rounded to the nearest cent.