Beginning in January 1997, I deposited exist50.00 each month into an annuity that earns 9% interest compounded monthly. I plan to continue to deposit exist50.00 into this annuity each month, through December 2040. (The interest rate of 9% compounded monthly remains the same throughout the life of the annuity). In total, I'll be making 44 years of monthly payments, or 528 monthly payments, of exist50.00 each. a) Why can this account be classified as an annuity? b) How much will be in the annuity at the end of December 2040? Show your work and round your answer to the nearest cent. At the end of 2040, 1 will stop making p ..: I plan to withdraw all of the money in the annuity, and then deposit it into an account. earns 10% interest compounded annually. c) How much will be in this account after 15 years? Use your rounded answer to part b). Show your work and round your answer to the nearest cent