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Find the equated date at which the original payments are equivalent to the single payment. State your answer in years and months (from 0 to
Find the equated date at which the original payments are equivalent to the single payment. State your answer in years and months (from 0 to 11 months).
Original Payments
$1832.00 due today and $1067.00 due in 6 years
Interest Rate 7%
Frequency of Conversion quarterly
Single Payment $3272.27
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