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(Solved): Scheduled payments of $834 due three years ago and $274 due in five years are to be replaced by two ...



Scheduled payments of $834 due three years ago and $274 due in five years are to be replaced by two equal payments. The first replacement payment is due in three years and the second payment is due in seven years. Determine the size of the two replacement payments if interest is 5.1% compounded quarterly and the focal date is three years from now. The size of the two replacement payments is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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Scheduled payments of due three years ago and due in five years are to be replaced by two equat payments. The first replacement payment is due in three years and the second payment is due in seven years. Dotermine the size of the two replacement payments if interest is compounded quarterly and the focal date is three years from now The size of the two replacement payments is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needod.)


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