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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

Interest Rate

Frequency of Conversion

Single Payment

$537.00 due today and

2%

semi-annually

$2571.56

$1813.00 due in 6 years

In_______ year(s) and______ month(s) the single payment will be equivalent to the original payments.

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