An individual is 48 years old. At the end of each month, he deposits $300 in a retirement account that pays 4.82% interest compounded monthly. (a) After 12 years, what is the value of the account? (b) If no further deposits or withdrawals are made to the account, what is the value of the account when the individual reaches age 65?

After 12 years, the value of the account will be $