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1. How many years it will take to grow your money from $3308 to $9537 if you can earn an interest of 15% compounded quarterly?

2. The difference between an ordinary annuity and an annuity due is the:

a. timing of the annuity payments.
b. interest rate applied to the annuity payments.
c. number of annuity payments.
d. amount of each annuity payment.

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