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Travis currently owes $ 8 , 0 0 0 to a friend who is charging him interest of 2 . 7 0 % p .

Travis currently owes $8,000 to a friend who is charging him interest of 2.70% p.m. He
is required to settle the loan with two equal payments, one today and the other in five
months. Calculate the size of the payments using five months as the focal date.
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