Scheduled payments of $1097 due one year ago and $688 due in six years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in...

F3

Extracted text: Scheduled payments of $1097 due one year ago and $688 due in six years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in eight years. Determine the size of the two replacement payments if interest is 5.1% compounded quarterly and the focal date is two years from now. .... The size of the two replacement payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)