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1. Kelly saved $300 at the end of every month for 8 years in her bank account that earned 3.50% compounded monthly. a. What is

1. Kelly saved $300 at the end of every month for 8 years in her bank account that earned 3.50% compounded monthly.

a. What is the accumulated value of her savings at the end of the period?

b. What is the interest earned over the period?

2. Mark deposits $400 at the end of every quarter for 4 years and 3 months in a retirement fund at 5.30% compounded semi-annually.

How many payments are there in this annuity?

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