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Sean owes $ 5 , 0 0 0 to a friend who is charging her simple interest of 4 . 2 5 % p .

Sean owes $5,000 to a friend who is charging her simple interest of 4.25% p.a. She is required to settle the loan with two equal payments, one today and the other in six months. Calculate the size of the equal payments using six months as the focal date.|

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