Please show work for thumbs up

7. You are saving to buy a $175,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 5 percent. You will make an initial investment of $89,000 at either bank. First Bank pays simple interest and Second Bank compounds interest monthly. It will take years to reach the desired balance at First Bank. It will take years to reach the desired balance at Second Bank.] First: $89,000 (.05) = $4,450 per year ($175,000 89,000) / $4,450 = 19.33 years Second: Enter 5% / 12 = +$89,000 $175,000 N I/Y PV PMT FV Solve for