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What equal payments in 2 years and 5 years would replace payments of $47,500 and $72,500 in 7 years and 8 years, respectively? Assume money
What equal payments in 2 years and 5 years would replace payments of $47,500 and $72,500 in 7 years and 8 years, respectively? Assume money can earn 4.74% compounded monthly.
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