Question: 1 1 ) What equal payments three and five years from now would replace payments of $ 4 0 , 0 0 0 and $

11) What equal payments three and five years from now would replace payments of $40,000 and $75,000 in six years and eight years, respectively? Assume money earns 4.92% compounded monthly. Use 5 years from now as the focal date.

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