One month from now, Kelly will make her first monthly contribution of $450 to a Tax-Free Savings Account (TFSA). She expects to earn 8% compounded annually. How long will it take for the contributions and accrued earnings to reach $65,000? It will take months to reach $65,000. (Round the final answer up to the nearest month as needed. Round all intermediate values to six decimal places as needed.)For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.6% compounded annually. If ordinary annuity payments of $136 per month are to be made out of the fund for five years, how much was the inheritance? The inheritance was $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)What is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in six years by payments of $2500 made at the end of every six months? The nominal annual rate of interest is % compounded quarterly. (Round to two decimal places as needed.)To finance the development of a new product, a company borrowed $26,000 at 7% compounded monthly. If the loan is to be repaid in equal semi-annually payments over five years and the first payment is due six months after the date of the loan, what is the size of the semi-annual payment? The size of the semi-annual payment is $]. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Mei Li invested $330 at the end of each quarter at 3.9% compounded quarterly. At the end of eight years, she was able to withdraw equal amounts at the end of each quarter for two years. How much is the size of each withdrawal? . . . .. Each withdrawal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)