Lu has $25,770 in her savings account and wants this to accumulate to $90,000 for a condominium down payment. Suppose she plans to make deposits of $7,500 at the beginning of every year into this account which earns 5.36% compounded monthly. How long will it take to accumulate the $90,000?

Choose calculator mode: Select an answer BGN END Enter the future value as a positive value in the FV box below. Enter PV and PMT as positive or negative values based on FV being positive. Report N as a whole number.

P/Y =

C/Y =

N =

I/Y =

PV = $

PMT = $

FV = $

Report your answer in years and months as whole numbers below. Your answer must be consistent with the value of N you entered above whether correct or incorrect. This question will be marked using the value displayed in the N answer box above. If years is an exact integer like "7 years", then enter 7 for years and 0 for months. You must enter a value in each box for full marks. It will take _____ years and ________ months.