For 6 years, Janet saved $850 at the beginning of every month in a fund that earned 4.5% compounded annually. (Question relates to: Annuities - Future and Present Value Calculations for Ordinary Simple and General Annuity)

a. What was the balance in the fund at the end of the period?

$______________

Round to the nearest cent

b. What was the amount of interest earned over the period?

$_______________

Round to the nearest cent