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A contract valued at $11,500 requires payments of $1450 at the end of every six months. If interest is 10.5% compounded semi-annually, what is the

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A contract valued at $11,500 requires payments of $1450 at the end of every six months. If interest is 10.5% compounded semi-annually, what is the term of the contract? The term of the contract is years and months. (Type whole numbers. Simplify your answers.)

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