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A payment of $40,000 is due today. What three equal payments, one in 2 years, one in 4 years, and one in 6 years, would

A payment of $40,000 is due today. What three equal payments, one in 2 years, one in 4 years, and one in 6 years, would replace the original payment? Assume that money earns 5.25% compounded semi-annually.

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