Question: Caroline borrowed $ 7 , 7 5 0 . 0 0 at 8 . 0 0 % p . a . She wants to settle

Caroline borrowed $7,750.00 at 8.00% p.a. She wants to settle this loan with 2 equal payments, one in 3 months and another in 13 months. Determine the size of the payments using 'now' as the focal date.

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