(7 points) Jay and Silent Bob have a savings account that earns a nominal annual interest rate of 4.4% compounded daily. Since March 1, 1992, they have deposited $15 into this account every day. a) What will Jay and Silent Bob's balance be on February 28, 1996, immediately after they make their deposit? Answer = $ Click for a hint b) How long will it take Jay and Silent Bob to save $50,000 in their account? Answer = days. c) Suppose that on March 1, 1995, Jay and Silent Bob withdrew $172 from their account. What will their balance be on February 28, 1996 immediately after they make their deposit? Answer = $ d) Suppose that starting February 29, 1996, Bob and Jay deposit $30 into their account instead of $15. What will their balance be on February 29, 2000, immediately after they make their deposit? Answer = $ Click for a hint (6 points) Consider a quarterly 31-payment annuity, where each payment is $60. Suppose that the nominal annual discount rate is 8% compounded monthly. Find: a) the present value of the annuity one quarter before the first payment; Answer = $ Click for a hint b) the present value of the annuity one year before the first payment; Answer = $ c) the accumulated value of the annuity at the time of the last payment; and Answer = :$ d) the accumulated value of the annuity one year after the last payment. Answer = $