(d) Suppose Mary purchased a pension scheme with a principal of $3,500,000 and the annual interest rate is 8%. How much will she receive per quarter, forever? (3 marks)

(e) Suppose Mary has $50,000 in the bank account earning interest of 2% payable annually. As she plans to go travel for a month in Europe, she can save an additional $3,500 per month. How much will she accumulate 6 years from now? (correct to 2 decimal places)