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Jose currently has $12,000.00 saved and plans to make quarterly savings contributions of $9,150.69. His first quarterly savings contribution is expected in 3 months.

Jose currently has $12,000.00 saved and plans to make quarterly savings contributions of $9,150.69. His first quarterly savings contribution is expected in 3 months. Jose expects to earn 18.04 percent per year. How many quarterly savings contributions of $9,150.69 does Jose need to make in order to have $138,300.00?

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