Question: please solve both to get a like 1.You plan to invest $6,000 at the beginning of each month to an account that pays you 18%
please solve both to get a like
1.You plan to invest $6,000 at the beginning of each month to an account that pays you 18% APR (annual percentage rate) compounded monthly. How many months does it take to see your account grow to $250,000?
a. 32.23 b. 27.73 c. 33.69 d.28.58
2. You plan to invest $5,000 at the end of each month to an account that pays you 7% APR (annual percentage rate) compounded monthly. How many months does it take to see your account grow to $150,000? Round up, please.
a. 32.23 b.27.73 c. 33.69 d.28.58
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