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Full solution please A payment of $13,000 is due in 1 year and $10,500 is due in 2 years. What two equal payments, one in

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Full solution please

A payment of $13,000 is due in 1 year and $10,500 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 4.25% compounded quarterly. Round to the nearest cent

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