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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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