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Scottie wants to accumulate $ 3 0 , 0 0 0 for a down payment for a house. He can only afford to set aside

Scottie wants to accumulate $30,000 for a down payment for a house. He can only afford to set aside $ 300 at the beginning of every quarter. The account will credit interest monthly at the annual rate of 7.5%. You wish to know how long it will take Scottie to reach his goal. Find p (the equivalent rate of Interest per payment period)a.0.018577b.0.018123c.0.018867d.0.01875e.0.018245

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