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Jamie made periodic deposits into a savings account at the end of every month for 4 years. The investments were earning 6.00% compounded quarterly and

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Jamie made periodic deposits into a savings account at the end of every month for 4 years. The investments were earning 6.00% compounded quarterly and grew to $12,250.00 at the end of 4 years. a. Calculate the size of the month-end deposits. $232.00 $226.58 $176.09 $221.38 b. How long will it take for the $12,250.00 to accumulate to $44,495.00 if the interes rate remained the same and he continued making the same month-end deposits throughout the term? 8 years and 6 months 11 years and 6 months 7 years and 6 months 7 years and 8 months

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