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Payments of $2532 due 8 years ago and $4528 due in 7 years are to be replaced by a payment of $2611 made today and
Payments of $2532 due 8 years ago and $4528 due in 7 years are to be replaced by a payment of $2611 made today and 2 equal payments due in 18 and 28 months respectively. If interest is 2.5% compounded monthly, then in what amount are the final two payments? Give your answer founded to the nearest cent. Answer Check
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