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JJ is planning for the future and wants to save $ 5 0 , 0 0 0 for a down payment on a house. He

JJ is planning for the future and wants to save $50,000 for a down payment on a house. He currently
has $10,000 to invest, and the town bank offers 3% interest on all accounts. How long would it take
JJ to reach his goal if the bank...
[Note: Round your final answer based on the compounding period.]
(a) uses simple interest?
(b) compounds interest quarterly?
(c) compounds interest monthly?
(d) compounds interest continuously?
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