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Payments of $2,550 due 18 months ago and $3,350 due in three years are to be replaced by an equivalent stream of payments consisting of
Payments of $2,550 due 18 months ago and $3,350 due in three years are to be replaced by an equivalent stream of payments consisting of $2,250 today and two equal payments due two and four years from now. If money can earn 9.75% compounded semiannually, what should be the amount of each of these two payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Each payment $
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