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Payments of $ 2 3 0 0 due 1 8 months ago and $ 3 1 0 0 due in three years are to be
Payments of $ due months ago and $ due in three years are to be replaced by an equivalent stream of payments consisting of $ today and two equal payments due two and four years from now. If money can earn compounded semiannually, what should be the amount of each of these two payments? Do not round intermediate calculations and round your final answer to decimal places.
Each payment $
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