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What equal payments in 2 years and 4 years would replace payments of $37,500 and $60,000 in 7 years and 8 years, respectively? Assume money

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What equal payments in 2 years and 4 years would replace payments of $37,500 and $60,000 in 7 years and 8 years, respectively? Assume money can earn 3.90% compounded quarterly. Round to the nearest cent

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