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Jordan wants to accumulate $ 3 3 , 0 0 0 in a fund with payments of $ 1 , 6 0 0 made at

Jordan wants to accumulate $33,000 in a fund with payments of $1,600 made at the end of every quarter. The interest rate is 5.73% compounded quarterly.
a. How many payments ( rounded up to the next payment) will it take to accumulate this amount?
23 payments
14 payments
18 payments
19 payments
b. How long will it take to accumulate this amount?
6 years and 9 months
7 years and 3 months
7 years and 9 months
4 years and 9 months

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