Graham purchased a business by agreeing to make three payments of $12,000.00 each in 3 months, 7 months, and 13 months. Because of cash flow difficulties, he renegotiated the payment schedule so that he would pay $16,200.00 in 5 months, $11,000.00 in 13 months, and a third payment of $10,000.00. In how many years should he make the third payment if interest is 8% compounded monthly? State your answer in years and months (from 0 to 11 months). year(s) and month(s). The payment of $10,000.00 can be fulfilled in (Round down to the nearest month.)