Question: When Ruby borrowed $803.00, she agreed to repay the loan in two equalpayments, to be made 50 days and 100 days from the day the

When Ruby borrowed $803.00, she agreed to repay the loan in two equalpayments, to be made 50 days and 100 days from the day the money was borrowed. If interest is 6% on theloan, what is the size of the equal payments if a focal date of today isused?

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