Question: Please solve in simplest way and show work/ formulas [ multi part question] show excel method to solve if necessary. Pauline just placed $500 into

Please solve in simplest way and show work/ formulas [ multi part question] show excel method to solve if necessary.

Pauline just placed $500 into an investment which pays 6% compounded annually. How long will it be before she has $800 in the account? Solution: 8.0661 years or 8 years 24 days Donald places $1,000 into an investment which pays 6% compounded quarterly. How much will Donald's investment be worth after three years pass? Solution: $1,195.62

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