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company plans to deposit $ 1 6 1 , 0 0 0 each quarter into an account that will earn 1 , 3 5 percent

company plans to deposit $161,000 each quarter into an account that will earn 1,35 percent per quarter. How many years will it be untit the company has the money saved for the renovation?
3.09 years
2.85 years
3.34 years
02.65 years
3.29 years
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