3. Melissa contributed equal deposits at the end of every month for 4 years into an investment fund. He then decided to stop making payments and left the money in the fund to grow for another 4 years. The fund was earning 2.88% compounded monthly for the entire period and the accumulated amount at the end of the term was $60,000.

a. Calculate the amount in the fund at the end of 4 years.

Round to the nearest cent

b. Calculate the size of the periodic deposits into the fund.

Round to the nearest cent