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Loen payments of $2400 due two years ago and $3600 due in five years are to be replaced by two equal payments. The first replacement

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Loen payments of $2400 due two years ago and $3600 due in five years are to be replaced by two equal payments. The first replacement payment is due now and the second payment is due in eight years. Determine the size of the replacement payments if interest is 4% compounded semi-annually and the focal date is now. The size of the two replacement payment is (Round to the nearest cent as needed. Round al intermediate values to six decimal places as needed)

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