Maria wants to buy a car when she graduates from Central University 6 years from now. She believes that she will need $30,900 to buy the car.

Click here to view the factor table. (a) Calculate how much money Maria must put into her savings account today to have $30,900 in 6 years, assuming she can earn 8% compounded annually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,975.) Amount $enter a dollar amount

(b) Calculate how much money Maria must put into her savings account today to have $30,900 in 6 years, assuming she can earn 8% compounded semiannually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,975.) Amount $enter a dollar amount