Question: Can somebody please help me with this task by explaining it in detail? 5. Mathematics of Finance 5 + 6 = 11 points a) Antony

Can somebody please help me with this task by explaining it in detail?

5. Mathematics of Finance 5 + 6 = 11 points a) Antony inherits 250'000 CHF and invests the money at 6.5% compounded monthly in an ordinary annuity for the next 20 years. Find the monthly amount he receives. b) Antonia saves 2'000 CHF at the beginning of each month for her retirement. How long will it take until she has 250'000 CHF if her account earns 2% com- pounded monthly

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