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Two payments of $ 7 , 0 0 0 and $ 4 , 9 0 0 are due in 1 year and 2 years, respectively.

Two payments of $7,000 and $4,900 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 6.5% compounded quarterly.

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