Question: What equal payments in 3 years and 4 years would replace payments of $42,500 and $82,500 in 7 years and 8 years, respectively? Assume money

What equal payments in 3 years and 4 years would replace payments of $42,500 and $82,500 in 7 years and 8 years, respectively? Assume money can earn 4.68% compounded monthly. Use 8 years as the focal date.

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