Angela purchases a retirement annuity that will pay her $1,500 at the end of every six months for the first nine years and $500 at the end of every month for the next six years. The annuity earns interest at a rate of 4.5% compounded quarterly.

a. What was the purchase price of the annuity?

Round to the nearest cent

b. How much interest did Angela receive from the annuity?

Round to the nearest cent