Scheduled payments of $208 due one year ago and $86 due in five years are...
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Accounting
Scheduled payments of $208 due one year ago and $86 due in five years are to be replaced by two equal payments. The first replacement payment is due in one year and the second payment is due in seven years. Determine the size of the two replacement payments if interest is 7.6% compounded annually and the focal date in one year from now.
The size of the two replacement payments is $?
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