Question: Please don't use excel and explain step by step. 1. Maria heard that she could triple her money in 12 years if she invested it

Please don't use excel and explain step by step.

1. Maria heard that she could triple her money in 12 years if she invested it in a large telecommunications business. What nominal interest rate compounded quarterly does the business offer?

2.

Hewlett Plastics Inc. received a loan of $39,500.00 at 3.50% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the total amount of interest paid was $13,617.51.

Months:

Years:

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