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What equal payments in 3 years and 5 years would replace payments of $40,000 and $97,500 in 6 years and 9 years, respectively? Assume money

What equal payments in 3 years and 5 years would replace payments of $40,000 and $97,500 in 6 years and 9 years, respectively? Assume money can earn 3.66% compounded monthly. Use 9 years as the focal date.

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