Tell me the answer just say true if its true and in the pattern its in

Finding tbe values of the variables in each kite

At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?

Cate purchases $1600 worth of stock and her broker estimates it will increase in value by 4.2% each year. after about how many years will the value of cate's stock be about $2000