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2 payments of 1600.00 due 6 months ago and $1850 due today could be settled by a payment of 4300.00 if interest is 9.48% compounded

2 payments of 1600.00 due 6 months ago and $1850 due today could be settled by a payment of 4300.00 if interest is 9.48% compounded monthly.

Find the equated date (the date for replacement payment to be made).

Let the focal date be today.

Answer: 25.17 months from today. NEED METHOD

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