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Finding the time required for an investment earning compound interest
Hans needs $3000 for a future project. He can invest $2000 now at an annual rate of 10.5%, compounded quarterly. Assuming that no withdrawals are made how long will it take for him to have enough money for his project? Do not round any intermediate computations, and round your answer to the nearest hundredth.
If necessary, refer to the list of financial formulas.

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