Question: hello I need help on this problem , A= 118,330, P= 10,000, R=1.5%, and N=12 Can you show me the steps and work please and
hello I need help on this problem , A= 118,330, P= 10,000, R=1.5%, and N=12 Can you show me the steps and work please and thank you .

Part C: Saving Up if you deposit money into an account earning 1.5% annual interest compounded monthly, how long will it take until you have enough saved for the down payment? rnt Use the formuIaA = P (1 + 7 and show your work. Each group member will calculate this using different initial deposits: $5,000, $10,000, $15,000, $20,000. (Real life note: different types of accounts have different interest rates. A savings account might only earn a fraction of a percent interest.)
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