Assignment:
Q1. Find t to the nearest hundredth if $1786 becomes $2063 at 2.6%, with interest compounded monthly.
Q2. At what interest rate, to the nearest hundredth of a percent, will $16,000 grow to $20,000 if invested for 5.25 yr and interest is compounded quarterly?
Provide complete and step by step solution for the question and show calculations and use formulas.