PLEASE ANSWER THIS TWO QUESTION THANK YOU

You have $29,224.25 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $240,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number years 11. Problem 5.23 (Future Value for Various Compounding Periods) eBook Problem Walk-Through Find the amount to which $200 will grow under each of these conditions: a. 14% compounded annually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 14% compounded semiannually for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 14% compounded quarterly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. d. 14% compounded monthly for 3 years. Do not round intermediate calculations. Round your answer to the nearest cent. e. 14% compounded daily for 3 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. f. Why does the observed pattern of FVs occur? -Select -Select The future values increase because as compounding periods per year increase interest is earned on interest less frequently The future values decrease because as compounding periods per year increase, Interest is earned on interest more frequently. The future values increase because as compounding periods per year increase interest is earned on interest more frequently. The future values increase because as compounding periods per year decrease interest is earned on interest more frequently, The future values decrease because as compounding periods per year decrease interest is earned on interest more frequently G SINS Sive & Continue Continue without saving