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Chapter 7 - Equal Payments Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,652 due 6 months ago $1,301 due in 8 months with interest (starting today) at 9.5% Replacement payments = $645 due now, and two equal payments due in 6 months, and in 14 months. Focal Date = Today. on Interest rate = 4.2% (Do not include the $ sign in your answer.)