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What equal payments in 3 years and 4 years would replace payments of $ 3 2 , 5 0 0 and $ 6 2 ,

What equal payments in 3 years and 4 years would replace payments of $32,500 and $62,500 in 7 years and 8 years, respectively? Assume money can earn 3.54% compounded semi-annually. Use 8 years as the focal date.

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