Question 5 Homework Answered What is the future value of $20,000 after 12 years earning 1.6% compounded monthly? Round to the nearest whole number. 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. Suppose you are planning to invest $1,000. You'd like to grow your investment to $2,000. If your investment earns an annual return of 5% compounded monthly, how many years will it take to reach your goal? Round to one decimal place. Type your numeric answer and submit