Future value.Jack and Jill are saving for a rainy day and decide to put $40 away in their local bank every year for the next 25 years. The local Up-the-Hill Bank will pay them 10% on their account. a.If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 25 years? b. Unfortunately, Jack had an accident in which he sustained head injuries after only 10 years of savings. The medical bill has come to $700. Is there enough in the rainy-day fund to cover it? Question content area bottom Part 1 a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 25 years? $enter your response here (Round to the nearest cent.) Part 2 b.How much will they have in the account at the end of 10 years? $enter your response here (Round to the nearest cent.) Part 3 Is there enough in the rainy day fund to cover the medical bill?(Select the best response.) A.No. They don't have enough money in the rainy day fund to cover the medical bill. No. They don't have enough money in the rainy day fund to cover the medical bill. B.Yes. They have enough money in the rainy day fund to cover the medical bill. Yes. They have enough money in the rainy day fund to cover the medical bill. C. There is not enough information to answer this question.