contract requires payments of $$4393\mathrm{.}00$ today, $$3118\mathrm{.}00$ in $2$ years, and $$5265\mathrm{.}00$ in $4$ years. When

an the contract be fulfilled by a single payment equal to the sum of the required payments if money is

orth $7\%$ p$.$a$.$ compounded semi$-$annually? State your answer in years and months $($from $0$ to

$1$ months$).$