Tiffany wants to accumulate at least $55,000 by depositing $1,000 at the end of every month into a fund that earns interest at 6.50% compounded monthly

. a. How many deposits does he need to make to reach his goal? 0 Round to the next payment

b. How long will it take Tiffany to reach his goal? 0 years 0 months

Express the answer in years and months, rounded to the next payment period

You plan to save money for a down payment of $37,000 to purchase an apartment. You can only afford to save $1,250 at the end of every quarter into an account that earns interest at 3.90% compounded annually. How long will it take you to save the planned amount?

years months