Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $1,800 is set aside each year and invested in a savings account that pays 8 % interest per year, compounded continuously.a. Determine the accumulated savings in this account at the end of 25years.

. The accumulated savings amount at the end of 25 years will be?$

b. In Part (a), suppose that an annuity will be withdrawn from savings that have been accumulated at the EOY 25.

The annuity will extend from the EOY 26 to the EOY 34.

What is the value of this annuity if the interest rate and compounding

frequency in Part (a) do not change?