a. Jack wants to make end-of-quarter contributions to an account which will give him $100,000 at the end of 18th year. He chooses an account with a bank that pays 5.4% interest compounded quarterly. What is the quarterly contribution that Jack must make to the account? Answer: $______________

b. Jill wants to make beginning-of-month contributions to an account which will give her $100,000 at the end of 18th year. She chooses an account with a bank that pays 5.4% interest compounded monthly. What is the monthly contribution that Jill must make to the account? Answer: $______________