Question one:

Option $($A$)$: A payment of $$840,000$ at the end of $3$ years, which is the scheduled completion time for the project.

Option $($B$)$: $$135,000$ paid upfront at the beginning of the project and the balance payment in $3$ years.

If the two payments are financially equivalent and the interest rate is $4\mathrm{.}92\%$ compounded semi$-$annually, calculate the balance payment offered in Option$($B$).($Round to the nearest cent$)$

Question two :

What equal payments in $3$ years and $4$ years would replace payments of $$40,000$ and $$95,000$ in $6$ years and $9$ years, respectively? Assume money can earn $4\mathrm{.}38\%$ compounded quarterly. $($Round to the nearest cent$)$