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A payment of $12,000 is due in 1 year and $11,600 is due in 2 years. What two equal payments, one in 3 years and

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A payment of $12,000 is due in 1 year and $11,600 is due in 2 years. What two equal payments, one in 3 years and one in 4 years would replace these original payments? Assume that money earns 3.25% compounded quarterly. Use the focal date in 4 years. Round to the nearest cent

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