Ali saved $280 at the end of every month for 3 years in his bank account that earned 5.20% compounded monthly.

a.What is the accumulated value of his savings at the end of the period?

$10,557.57

$10,883.32

$139,788.34

$803.32

b.What is the interest earned over the period?

$523.32

$10,883.32

$1,083.32

$803.32