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Please show work A home improvement loan of $24,000 at 12% compounded quarterly resulted in a maturity value of $30,402.01. Find the term or length

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A home improvement loan of $24,000 at 12% compounded quarterly resulted in a maturity value of $30,402.01. Find the term or length of the loan. 1 year 8 years 2 years 4 years

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