Bert receives an inheritance of $84,500 and decides to invest his money into an account that will pay 2.75% if the money is not withdrawn for 7 years. Do not round-off anything until you obtain the final answer. Then round all values to the nearest dollar.

(a) Complete the table depicting Bert's money and interest earned after the 7 year period. Compounding Quarterly Daily Continuously

Amount in Account $$ $ Interest Earned$ $$

(b) Find the difference between his money compounded quarterly versus compounding continuously. (Enter your answer as a positive number.)

$