A loan of $12,550 today is to be repaid by 2 equal payments due in 1...

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A loan of $12,550 today is to be repaid by 2 equal payments due in 1 years and 4 years respectively. Determine the size of the equal payments at 5.60% compounded quarterly. Round your final answer to two decimals. Do not round intermediate steps. Do not include the dollar sign ($) in your answer. For example, $89.36 input as 89.36. Your Answer: A loan of $12,550 today is to be repaid by 2 equal payments due in 1 years and 4 years respectively. Determine the size of the equal payments at 5.60% compounded quarterly. Round your final answer to two decimals. Do not round intermediate steps. Do not include the dollar sign ($) in your answer. For example, $89.36 input as 89.36. Your Answer: