George wants to accumulate $44,000 in a fund with payments of $900 made at the end of every month. The interest rate is 4.71% compounded monthly.

a. How many payments (rounded up to the next payment) will it take to accumulate this amount?

50 payments

26 payments

44 payments

45 payments

b. How long will it take to accumulate this amount?

5 years and 9 months

6 years and 3 months

6 years and 9 months

3 years and 9 months