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Debt payments of $2600 due one year ago and $2400 due two years from now are to be replaced by two equal payments due one
Debt payments of $2600 due one year ago and $2400 due two years from now are to be replaced by two equal payments due one year from now and four years from now. What is the size of the equal payments if money is worth 9.6% p.a. compounded semi-annually?
The size of each of the two payments is $_____
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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