i)How many years would it take for James to accumulate a total of $1,000,000 for retirement if he could deposit $1,500 into an account at the end of each month? Assume the account pays a 12% nominal rate of interest per annum and the interest is compound on monthly basis.

ii. Brock spent $2,250 to invest in an investment four years ago. The investment is now worth $3,380. What is Brocks compound annual rate of return on this investment?