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Vincent currently owes $11,000 to a friend who is charging her interest of 2.40% p.m. She is required to settle the loan with two equal

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Vincent currently owes $11,000 to a friend who is charging her interest of 2.40% p.m. She 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. Round to the nearest cent

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