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Two payments of $6,000 and $2,500 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments,

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Two payments of $6,000 and $2,500 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 5 years if money is worth 9.5% compounded quarterly. Round to the nearest cent SAVE PROGRESS SUBMIT ASSIGNMEN 11 515 10/12

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