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Cassandra purchases a retirement annuity that will pay him $2,000 at the end of every six months for the first eleven years and $200 at

Cassandra purchases a retirement annuity that will pay him $2,000 at the end of every six months for the first eleven years and $200 at the end of every month for the next seven years. The annuity earns interest at a rate of 2.2% compounded quarterly.

a. What was the purchase price of the annuity? (Round to the nearest cent)

b. How much interest did Cassandra receive from the annuity? (Round to the nearest cent)

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