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You are saving to buy a $179,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 6.4 peroent How

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You are saving to buy a $179,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 6.4 peroent How long will it take your initial $96,000 investment to reach the desired level at First Bank, which pays simple interest? (Do not round intermediate calculations and round your answer to 2 decimal places .932.16) Number of years How long will it take your initial $96,000 investment to reach the desired level at Second Bank, which compounds interest monthly? (Do not round intermediate calculations and round your answer to 2 decimal places,.g, 32.16.) Number of years

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