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Moriaty owes two debt payments-a payment of $6.7 million due in twelve months and a payment of $8.75 million due in twenty-one months. If Moriaty

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Moriaty owes two debt payments-a payment of $6.7 million due in twelve months and a payment of $8.75 million due in twenty-one months. If Moriaty makes a payment of $7 million now, when should he make a second payment of $7.9 million if money is worth 11.5% compounded semi-annually? Select one: O A. 21 months B. 14 months C. 26 months O D. 35 months O E. 19 months

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