Question 7 (1 point) How much must you deposit at the end of each month in order to accumulate $200,000 over the next 16 years? Assume that your deposits will earn a monthly compounded rate of 6.31% (12). Your Answer: Answer Question 8 (1 point) Mika wants to save $17,000 for a down-payment on a condominium. How long will it take her to reach her goal if she deposits $400 at the end of each month into a savings account earning 112=4.8%? Express your answer in months and round to 2 decimal places. Your