Your cousin Ray borrows 1300 dollars now, repays 800 dollars in two years, and then borrows 1000 dollars in another three years, all at nominal rates of interest of 11.4 percent convertible quarterly. Your other cousin Jay borrows 1500 dollars $t$ years from now at the same interest rate. If the present value of both of your cousin's debts is the same, what is $t$? (Assume compound interest at all times.)

Answer = years. (Be sure to give several decimal places of accuracy.)