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You are considering investing in a fund that pays nominal annual rate of 7 . 7 5 % , compounded quarterly. If you invest $

You are considering investing in a fund that pays nominal annual rate of 7.75%, compounded quarterly. If you invest $4,500 at the end of each quarter, how long will it take for your account to grow to $500,000?
14.86 years
14.22 years
14.96 years
15.10 years
15.38 years
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