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Determine the size of the two replacement payments

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Reference no: EM132969730

Scheduled payments of ?$677 due two years ago and ?$1111 due in six years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in nine years. Determine the size of the two replacement payments if interest is 4.8% compounded annually and the focal date is two years from now.

 

 

Reference no: EM132969730

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