A= 118,330, P= 10,000, R=0.015 and N=12 Canyou show me the steps and work pleaseand thank you.

Part C: Saving Up if you deposit money into an account earning 1.5% annual interest compounded monthly, how long will it take until you have enough saved for the down payment? P (1 + %)mand show your work. Each group member will calculate this using different initial deposits: $5,000, $10,000, $15,000, $20,000. (Real life note: different types of accounts have different interest rates. A savings account might only earn a fraction of a percent interest.) Use the formula A