a) Your favorite aunt opens a savings account on your name and deposits $10,000 at the end of each year for 8 years. The account earns an interest rate of 1.7%. After the final deposit, you move the accumulated savings to your brokerage account and invest in the stock market, where they earn an average return of 7.2% for the following 28 years. How much will you have in your account at the end? Round to the nearest cent.

b) You are interested in buying a house and renting it out. You expect to receive a monthly net income of $1,355 from rent. You then expect to sell the house for $268,000 at the end of 47 months. If your discount rate on this investment is 6.9% per year (compounded monthly), how much is this property worth to you today? Assume that you receive rent at the beginning of each month and you receive the first rent the same day you purchase the property. Round to the nearest cent.