Part -1

Dr. Sisters has been secretly depositing $10,500 in her savings account every December starting in 2000. Her account earns 6 percent compounded annually.

How much did she have in December 2021? (Assume a deposit is made in the last year) Make sure to carefully count the years. (Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.)

Future value:___________

part-2

Determine the amount of money in a savings account at the end of five years, given an initial deposit of $3,000 and an 8 percent annual interest rate when interest is compounded

Calculate the effective annual interest rate of each compounding possibility. (Use a Financial calculator to arrive at the answer. Round the final answers to 2 decimal places.)

Effective annual interest rate
a.	Annually	%
b.	Semiannually	%
c.	Quarterly	%