As luck would have it, your friend wins the lottery and now has a total of $15,000. Since she is only $5,000 from her goal, she decides that investing is the BEST option. After all, she wasnt too thrilled about paying the interest calculated in Part 2.

What about additional payments? (10 pts) At this point, your friend is very eager and says she would like to start the wombat rescue in 3 years. You explain for that to happen, she must also make monthly deposits into her investment account to reduce the years of savings. In addition to the initial $15,000, how much should she deposit monthly to achieve her goal (Note: shes using savings option #3. Savings option #3: A CD with an APR of 1.96% compounded monthly (6 pts) How long it will take your friend to reach her goal of $20,000 if she puts all her money into this investment? (round answers to 2 decimal places))? (round answers to 2 decimal places)