Ishraf got his driving license one week back, and he wants to buy a new car for 12,50000Tk. He has lump sum amount of 375000Tk. today to invest. Ishraf is a risk averse investor and he has following investment options after approaching different banks. BRAC Bank offers 12.25% term deposit compounded semi-annually. NRB Bank offer 12% term deposit compounded quarterly. Padma Bank offers 12.85% term deposit compounded monthly.    Calculate how long will it take for Ishraf to accumulate enough money to buy a car in each of the three cases

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