Question: PLEASE SHOW FORMULAS FOR BOTH QUESTIONS 2) (4 points) How many years will it take for an investment to be worth $10,470.61 in the future,

PLEASE SHOW FORMULAS FOR BOTH QUESTIONS

2) (4 points) How many years will it take for an investment to be worth $10,470.61 in the future, with a deposit today of $7,500 at a 5.60% annual rate of return with quarterly compounding? 3) (6 points) Suppose you want to save $30,000 as a down payment to purchase a townhome in 4 years. ou plan on saving money at the beginning of each month starting today. If you can earn 3.60% APR on your investment over the time frame, how much must you save each month to reach your goal

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