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Baad Company, Inc. wants to purchase property selling for $2.15 million to use for an expansion. Because the company's management is conservative, it will not

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Baad Company, Inc. wants to purchase property selling for $2.15 million to use for an expansion. Because the company's management is conservative, it will not undertake the expansion until it has the cash necessary to purchase the property. The company plans to deposit $ 161,000 each quarter into an account that will earn an APR of 5.4 percent compounded quarterly. How many years will it be until the company has the money saved for the property. Do not round intermediate steps. a) 3.09 years b) 2.85 years Oc) 3.29 years d) 3.34 years e) 2.65 years

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