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Two payments of $ 1 2 , 0 0 0 and $ 4 , 4 0 0 are due in 1 year and 2 years,

Two payments of $12,000 and $4,400 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 9 months and in 4 years if money is worth 10.5% compounded quarterly

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