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The present value of a payment of 1004 at the end of T months is equal to the sum of the present values of the

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The present value of a payment of 1004 at the end of T months is equal to the sum of the present values of the following payments (i) 314 at the end of 1 month i 271 at the end of 18 months 419 at the end of 24 months For all payments, the effective annual interest rate is 5% Calculate T. Round your answer to the nearest whole number

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