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Scheduled payments of $1487 due three years ago and $1045 due in six years are to be replaced by two equal payments. The first replacement

Scheduled payments of $1487 due three years ago and $1045 due in six years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in nine years. Determine the size of the two replacement payments if interest is 6.4% compounded quarterly and the focal date is two years from now.

The size of the two replacement payments is____$

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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