bad company inc. has a major outlay of $2 million that is needed to renovate the companys manufacturing facility. because the companys management is conservative, it wont undertake the renovation until it has the cash necessary to fund the renovation. the company plans to deposit $152000 eacb quarter into an account that will earn 1.95 percent per quarter. how many years will it be until the company has the money saved for the renovation?

3.22 years

2.96 years

2.53 years

2.73 years

3.29 years

Bad Company, Inc. has a maior out of 2 months needed to renovate the company's manufacturing och necessary to fund the renovation. The company plans to deposit $12.000 each quarter to an account that will ca 195 percent per quarter How many years will be Because the company's management conservative w undertake the company h tim o neywedo e ton O 3.22 years O 2.96 years 2.53 years O 2.73 years O 329 years