Question: Question 6 [5 points] How long before a scheduled payment of $3,404 will a payment of $2,432 be economically equivalent? Assume money is worth 8.50%

Question 6 [5 points] How long before a scheduled payment of $3,404 will a payment of $2,432 be economically equivalent? Assume money is worth 8.50% compounded quarterly. Round your answer to the nearest month. Time= 0 years 0 months

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