If a periodic payment P is deposited n times per year, with annual interest rate r also compounded n times per year for t yr, the future value of the account is given by A- [(1 + R)''-1], where R and N-nt (if the rate is 9% compounded monthly for 6 yr, 0.09 12 R0.0075 and N- (12)(6) 72) Saving for a rainy day: How long would it take Jasmine to save $11,000 if she deposits $100/month at an annual rate of 7.8% compounded monthly? Round the answer to nearest integer. It would take Jasmine aboutrt save $1.0