Hello, can you please provide assistance on how to solve the problems below?

1. How long will it take to pay off a loan of $46,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $750? Use five decimal places for the monthly percentage rate in your calculations.

The number of years it takes to pay off the loan is ??? years. (Round to one decimalplace.)

1. To pay for yourchild's education, you wish to have accumulated $10,000 at the end of 10 years. To dothis, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 14 percent compoundedannually, how much must you deposit each year to obtain yourgoal?

The amount of money you must deposit each year in order to obtain your goal is $???(Round to the nearestcent.)