Question: Question content area top Part 1 Dan borrowed $ 1 8 0 7 . 0 0 today and is to repay the loan in two

Question content area top
Part 1
Dan borrowed $1807.00 today and is to repay the loan in two equal payments. The first payment is in four months, and the second payment is in eight months. If interest is 6% per annum on the loan, what is the size of the equal payments? Use today as the focal date.

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