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Payments of $ 1 , 6 0 0 in 1 year and another $ 2 , 5 0 0 in 6 years to settle a
Payments of $ in year and another $ in years to settle a loan are to be rescheduled with a payment of $ in months and the balance in months. Calculate the payment required in months for the rescheduled option to settle the loan if money earns compounded monthly during the above periods.
Round to the nearest cent
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