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You plan to save money for a down payment of $37,000 to purchase an apartment. You...

You plan to save money for a down payment of $37,000 to purchase an apartment. You can only afford to save $1,250 at the end of every quarter into an account that earns interest at 3.42% compounded annually. How long will it take you to save the planned amount?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used.

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