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Determine the size of the two replacement payments

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Reference no: EM131826528

Loan payments of $3300 due 3 years ago and $2100 due in 4 years are to be replaced by two equal payments. The first replacement payment is due now and the second payment is due in nine years. Determine the size of the two replacement payments if interest is 4.1% compounded quarterly and the focal date is now

Reference no: EM131826528

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