Bob deposits $13,000 at the beginning of each year for six years in a fund earning an effective annual rate of 7.7%. The interest from this fund can only be reinvested at an effective annual rate of 3%. Find the accumulated value of Bob's investments at the end of thirteen years. (Round your answer to the nearest cent.) Question 16 Erik receives an eight-year annuity-immediate with monthly payments. The first payment is $400 and payments increase by $2 each month. The payments are deposited in an account earning interest at a nominal rate of 9% convertible monthly. What is the balance in the account at the end of the eight years? (Round your answer to the nearest cent.)