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Scheduled payments of 5578 due two years ago and $493 due in four years are to be replaced by two equal payments. The first replacement
Scheduled payments of 5578 due two years ago and $493 due in four 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 9.6% compounded annually and the focal date is two years from now. The size of the two replacement payment is $ {Round the final answer to the nearest cent as needed. Round at intermediate values to six decimal places as needed)
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