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Payments of $5000 and $7000 are due three and five years, respectively, from today. They...

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Accounting

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Payments of $5000 and $7000 are due three and five years, respectively, from today. They are to be replaced by two payments due 1 % and four years from today. The first payment is to be half the amount of the second payment. What should the payments be if money can earn 7.5%, focal date is today

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