Question 2 Homework Answered Suppose you deposited $13,000 into a savings account earning 1.4% interest. How long will it take for the balance to grow to $15,000? Answer in years rounded to one decimal place. Type your numeric answer and submit 10 X You are incorrect Question 3 Homework Answered What is the future value of $20,000 after 12 years earning 1.6% compounded monthly? Round to the nearest whole number. Type your numeric answer and submit 196664 X You are incorrect Hint X You are looking for the FV of a single cash flow, but compounding is monthly. So you need to use Eq 2.5 with m=12. O