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How many months from now can a payment of $1000 due 12 months ago and a payment of $400 due 6 months from now be
How many months from now can a payment of $1000 due 12 months ago and a payment of $400 due 6 months from now be settled by a payment of $1746.56 if interest is 10.2% compounded monthly? Let the focal date be now and i = 0.85%.
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