Question 1 of 4 If money earns 8.40% compounded quarterly, what single payment in three years would be equivalent to a payment of $2,470 due two years ago, but not paid, and $700 today? $0.00 Round to the nearest cent Question 2 of 4 Two payments of $12,000 and $5,400 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 5 years if money is worth 6.5% compounded quarterly. $0.00 Round to the nearest cent