-/1.42 POINTS TANFIN11 5.3.031. 0/6 Submissions Used MY NOTES Andrea, a self-employed individual, wishes to accumulate a retirement fund of $350,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 3.5%/year compounded monthly, to reach her goal upon retirement 25 years from now? (Round your answer to the nearest cent.) |-/1.42 POINTS TANFIN11 5.3.030. 0/6 Submissions Used MY NOTES The management of Gibraltar Brokerage Services anticipates a capital expenditure of $24,000 in 3 years for the purchase of new computers and has decided to set up a sinking fund to finance this purchase. If the fund earns interest at the rate of 2%/year compounded quarterly, determine the size of each equal) quarterly installment that should be deposited in the fund. (Round your answer to the nearest cent.)