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. You owed $8000 6 months ago and $4000 due in 3 months. You are going to replace these payments with a payment in 1

. You owed $8000 6 months ago and $4000 due in 3 months. You are going to replace these payments with a payment in 1 year and a second payment in 18 months that is half as big as the first payment. If interest is 6% compounded quarterly, what is the size of both payments?

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