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How many years will it take to pay off $5000 if payments of $332 are made at the end of every quarter at 2.3% p.a.
How many years will it take to pay off $5000 if payments of $332 are made at the end of every quarter at 2.3% p.a. compounded quarterly?
Select one:
a. 1 year 4 months
b. 16 years
c. 15.7978404 years
d. 4 years
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