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You are saving to buy a $177,000 house. There are two competing banks in your area, both offering certificates of decosit ylelding 6.2 percent How

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You are saving to buy a $177,000 house. There are two competing banks in your area, both offering certificates of decosit ylelding 6.2 percent How long will t tike your initial $94,000 investment to reach the desired level at First Baenk, which pays simple interest (Do not round Intermedlate cakculations and round your answer to 2 decimal places, .g 32.1) Number of years How long will t take your initial $04,000 investment to reach the desired level at Second Bark, which compounds inderest montly? (Do not round Intenmediate calcufations and round your anewer to 2 decimal places, eg.32.16 Number of years

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