Meredith deposits $12 into an account at the end of each day in 1989 and 1990 and $15 at the end of each day in 1991. The account earns 9% per year compounded annually in 1989 and 1990 and 12% per year compounded semiannually in 1991. Find the amount in Merediths account on December 31, 1991. (Ans $16,546.46)

Then, rework problem (2) using the approximation that the deposits are made continuously.(Ans $16,548.65)