Moriaty owes two debt paymentsa payment of $$6\mathrm{.}7$ million due in twelve months and a payment of $$8\mathrm{.}75$ million due in twenty$-$one months. If Moriaty makes a payment of $$7$ million now, when should he make a second payment of $$7\mathrm{.}9$ million if money is worth $11\mathrm{.}5\%$ compounded semi$-$annually?Question $1$ Select one:A$\mathrm{.}21$ monthsB$\mathrm{.}35$ monthsC$\mathrm{.}26$ monthsD$\mathrm{.}14$ monthsE$\mathrm{.}19$ months