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help with both questions please This morning you invested $21,800 in an...

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Finance

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This morning you invested $21,800 in an account that earns 11.5% per year, compounded monthly. When the account reaches $162,400 in value, you will start providing scholarships to future McCombs students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.) Question 31 Which of the following statements is accurate? Time and future values are inversely related, all else held constant. Interest rates and time are positively related, all else held constant. An increase in a positive discount rate increases the present value. An increase in time increases the future value given a zero rate of interest. Time and present value are inversely related, all else held constant

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