Please complete the below question of Financial MathematicsBAB110 . I have also provided you with an example of how to solve this question . look at the example i am providing and solve the question exactly in the same manner.

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How long will it take $1 355.01] to accumulate to $1 550.01] at 6% pa. compounded semiannually? Stale your answer in years and months {fmm l] to 11 months]. The investment will take D year(s} and D mon1[s)to mature. How long will it take $588.00 to accumulate to ETEIEEIDD at 11% pa. compounded quarterly? State vour answer in 1,rears and months [from [I to 11 months}. I First. identify the values of the future value, principal value, annual interest rate, and the numberof compounding peliods per year. F'v" = $?99.DD W = $533.0l] IN = 11% PH\" = 4 Now determine the number of compounding periods. n. Fteanenge the future value formula for compound interest, as shown below. we] Substitute the known values and calculate n, rounding to six decimal places. \fTo find the number of years, divide n by the compounding frequency, :1, and mu nd to six decimal places. 11.302951 4 = EBEEHB Next, multiply The decimal portion from The number of years by 12 to get the number of months. If the answer is a decimal, round up to the next month. [1325?38 X12m1 The investment will take 2 years and 10 months to mature