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If the interest rate is 6% compounded quarterly, how long (number of quarters) will it take to earn $100 interest on an initial deposit of

If the interest rate is 6% compounded quarterly, how long (number of quarters) will it take to earn $100 interest on an initial deposit of $300? [Hint: interest=FV-PV] Select one: O a. 12 ooo b.18 C. 20 O d. 16

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