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Hewlett Plastics Inc. received a loan of $34,500.00 at 2.50% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan

Hewlett Plastics Inc. received a loan of $34,500.00 at 2.50% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the total amount of interest paid was $8,140.22

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