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Manvir wants to accumulate $ 4 3 , 0 0 0 in a fund with payments of $ 1 , 7 0 0 made at

Manvir wants to accumulate $43,000 in a fund with payments of $1,700 made at the
end of every quarter. The interest rate is 6.27% compounded quarterly.
a. How many payments (rounded up to the next payment) will it take to accumulate
this amount?
25 payments
16 payments
21 payments
22 payments10 payilieils
21 payments
22 payments
b. How long will it take to accumulate this amount?
7 years and 6 months
8 years and 4 months
7 years and 6 months
5 years and 6 months
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