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4 The present value of a single payment of s1553.50 at the end of T months is equal to the total present value of the

4 The present value of a single payment of s1553.50 at the end of T months is equal to the total present value of the following three payments: $300 after 1 month, $500 after 18 months, and $700 after 24 months The effective annual interest rate is 4%. Find T. (a) 28 (b) 29 (c) 30 (d) 31 (e) 32

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