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Scheduled payments of $621 due three years ago and $892 due in four years are to be replaced by two equal payments. The first replacement

Scheduled payments of $621 due three years ago and $892 due in four years are to be replaced by two equal payments. The first replacement payment is due in one year and the second payment is due in nine years. Determine the size of the two replacement payments if interest is 3.2% compounded annually and the focal date is one year from now.

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