Question: Khalilwould like to save $121000 to use as a down payment on a house. He will deposit $4980.04 each three months in a savings account

Khalilwould like to save $121000 to use as a down payment on a house. He will deposit $4980.04 each three months in a savings account that pays interest at the rate of 8% per year, compounded quarterly, How long will it take him to accomplish his objective?

A.5years

B.4years

C.7years

D.6years

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