How long is the period of deferral (d) if the first quarterly payment of a deferred ordinary annuity will be paid 3.5 years from today? (express your answer in years and months using two decimals; for...

Extracted text: How long is the period of deferral (d) if the first quarterly payment of a deferred ordinary annuity will be paid 3.5 years from today? (express your answer in years and months using two decimals; for example: 15 years and 9 months will be written as 15.75)