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(i) A person saves $1000 for 30 years at an interest rate of 8%. Interest rate is com- pounded monthly. How much will he receive

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(i) A person saves $1000 for 30 years at an interest rate of 8%. Interest rate is com- pounded monthly. How much will he receive at the end of 30 years? (ii) A person puts $1000 in a savings account and then contributes $100 per month for 10 years. The annual interest rate is 6%. Interest rate is compounded monthly. How much will he received at the end of 10 years

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