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3. An investor pays P for an annuity that provides payments of 100 at the beginning of each month for 10 years. These payments, when

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3. An investor pays P for an annuity that provides payments of 100 at the beginning of each month for 10 years. These payments, when received, are immediately invested in Fund A, paying a rate of 12% convertible monthly. The monthly interest payments from Fund A are immediately reinvested in Fund B earning a rate of 6% convertible monthly. Find the balances of Fund A and Fund B at the end of 4 months. 3. An investor pays P for an annuity that provides payments of 100 at the beginning of each month for 10 years. These payments, when received, are immediately invested in Fund A, paying a rate of 12% convertible monthly. The monthly interest payments from Fund A are immediately reinvested in Fund B earning a rate of 6% convertible monthly. Find the balances of Fund A and Fund B at the end of 4 months

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