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Niagara Vineyards borrowed $ 7 5 , 0 0 0 to update their bottling equipment. They agreed to make payments of $ 6 0 0

Niagara Vineyards borrowed $75,000 to update their bottling equipment. They agreed to make payments of $6000 at the end of every three months. If interest is 7.31% compounded quarterly, how long will the company have to make the payments?
a)10 years
b)15 years
c)12 years
d)17 years
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