Question: Dax borrows $ 3 9 7 5 5 0 . 7 and the loan is governed by compound interest at an annual effective interest rate

Dax borrows $397550.7 and the loan is governed by compound interest at an annual effective interest rate of 4.71%. Dax agrees to repay the loan by 13 equally spaced payments, the first 4 of which are for $28000 and the next 9 of which are for $50000. When should he make the first payment?
years (Use 5 decimal places.)

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