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Rippy takes out a loan from Ainhoa. It is agreed that Rippy will pay back the loan in two payments, $ 7 , 0 7

Rippy takes out a loan from Ainhoa. It is agreed that Rippy will pay back the loan in two payments, $7,070 after 5 years and $7,670 after 6 years. Rippy decides he wants to renegotiate the payment schedule so that he has two equal payments at 3 and 7 years. What should Rippy's equal payments be? Assume money can earn 5.5% interest compounded biweekly.

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