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Using an effective rate of interest of 6% per annum, calculate the DISCOUNTED MEAN TERM...

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Accounting

Using an effective rate of interest of 6% per annum, calculate the DISCOUNTED MEAN TERM (in years) of the following series of payments:
150 payable after 7 years,
300 payable after 14 years, and
E400 payable after 20 year's.
Express your answer to FOUR decimal places.
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