What should the last two payments be if money

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Two payments of $5,000 are scheduled 6 months and 3 years from now. They are to be replaced by a payment of $3,000 in two years, a second payment in 42 months and a third payment, twice as large as the second, in five years. What should the last two payments be if money is worth 9% compounded semi-annually?

Reference no: EM132661955

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