Question: Pls explain how to get answer without excel 0 / 1 point Question 1 You invested $69,117 in an account that earns 5.9% compounded annually.

Pls explain how to get answer without excel

0 / 1 point Question 1 You invested $69,117 in an account that earns 5.9% compounded annually. After 38 years what will be total amount of interest your account earned on previously accrued interest? Your answer should be accurate to two decimal places. Answer: x (386,346.35) 0/1 point Question 2 You have a student loan. The bank is charging you 38.8% compounded monthly. What is the effective annual rate of return? Your answer should be shown as a percentage and it should be accurate to two decimal places. Answer: x (46.50)

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