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Question 3 1 pts Your investment account generates the annual rate of 24.0%, compounded monthly. If you invest $5,000 today, how many years will it

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Question 3 1 pts Your investment account generates the annual rate of 24.0%, compounded monthly. If you invest $5,000 today, how many years will it take for your investment to grow to $50,000? O 116.3 O 19.4 O 9.7 O 10.7 Question 4 2 pts If a new college graduate wants a car costing 18,000 after 3 years, how much must be saved monthly if the funds earn the annual yield of 7 percent? O $450.79 O $654.40 O $555.79 O $7,852.75

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