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A payment of $ 8 , 5 0 0 was made into an account at the end of every 3 months for 1 2 years.

A payment of $8,500 was made into an account at the end of every 3 months for 12 years.
a. If the interest rate for the first 7 years was 5.00% compounded monthly, calculate the future value at the end of the first 7 years.
b. If the interest rate for the next 5 years was 6.00% compounded annually, calculate the future value at the end of the 12 year term
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