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Two payments of $16,000 and $5,500 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments,

Two payments of $16,000 and $5,500 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 4 years if money is worth 8.5% compounded quarterly. Round to the nearest cent

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