You invested $10,000 at the end of each year for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $75,000, what was the nominal interest rate compounded annually?

You plan to save money for a down payment of $40,000 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 3.63% compounded annually. How long will it take you to save the planned amount?

years months

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