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Two payments of $15,000 and $2,400 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments,
Two payments of $15,000 and $2,400 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 3 years if money is worth 9.5% compounded quarterly
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