34. Assume an account has an APR of 7% with monthly compounding. You plan on making semi- annual deposits of $1,000 in this security starting 1 year from today and going until 5 years and 6 months from today. Each deposit shrinks by 3%. What will you have in your account by the end of year 7?

35. Assume an account has an APR of 8% with quarterly compounding. You plan on depositing $50,000 into the account. You plan on making semi-annual withdrawals that grow by 2% each in this security starting 1 year 2 months from today and going until 5 years and 8 months from today. If you want the account to be empty, then what should the value of your third withdrawal be?