13. Mei Li invested $700 at the end of each six months at 4.6% compounded semi-annually. At the end of four years, she was able to withdraw equal amounts at the end of each six months for five years. How much is the size of each withdrawal?

Each withdrawal is $______.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

14. How long will it take to save $1240.00 by making deposits of $187.00 at the end of every three months into an account earning interest at 11% compounded quarterly? State your answer in years and months (from 0 to 11 months).

It will take ______ year(s) and ______ month(s).