Question: 11) George borrowed $2,000 today and will repay it with two (2) identical payments in 18 months and 3 years from today. Determine the size

11) George borrowed $2,000 today and will repay it with two (2) identical payments in 18 months and 3 years from today. Determine the size of those equal payments at 7% p.a. with a focal point of today. (3 marks)

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