Question: When Roberta borrowed $ 1 2 0 6 . 0 0 , she agreed to repay the loan in two equal payments, to be made

When Roberta borrowed $1206.00, she agreed to repay the loan in two equal payments, to be made 40 days and 110 days from the day the money was borrowed. If interest is 4% on the loan, what is the size of the equal payments if a focal date of today is used?

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