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Olivia was supposed to make a payment of $3,250 in 1 year and another payment for $1,500 in 6 years to Maroon Inc. as part

Olivia was supposed to make a payment of $3,250 in 1 year and another payment for $1,500 in 6 years to Maroon Inc. as part of a payment plan. Instead, he is trying to reach an agreement with the company where he would settle both payments in 4 years. Assume that money is worth 3.20% compounded semi-annually. a. Calculate the equivalent value of the $3,250 payment and the $1,500 payment today. Round to the nearest cent b. Calculate the size of the payment required in 4 years to settle the amount. Round to the nearest cent

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