1. Scheduled payments of $834 due two years ago and $955 due in five years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in seven years. Determine the size of the two replacement payments if interest is 4.7% compounded semi-annually and the focal date is two years from now.

The size of the two replacement payments is $______ (round to nearest cent).

2. Scheduled payments of $700 due in nine months with interest at 5.1% compounded quarterly and $1900 due in 21 months with interest at 5.1% compounded quarterly are to be replaced by two equal payments. The first replacement payment is due today and the second payment is due in three years. Determine the size of the two replacement payments if interest is 4.3% compounded monthly and the focal date is today.

The size of the two replacement payments is $______ (round to nearest cent).