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Calculate the size of three equal payments in the third, fifth, and seventh year, respectively, that will replace payments of $4000 in two years, $6500
Calculate the size of three equal payments in the third, fifth, and seventh year, respectively, that will replace payments of $4000 in two years, $6500 in four years, and $8000 in six years. Assume that money is worth 4.25% compounded semi-annually.
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