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Please do both the questions 1) 2) same. The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all
Please do both the questions
1)
2)
same. The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Mr. Clark makes a deposit at the beginning of every three months into a savings account that earns interest at 6.5% compounded quarterly. He saves for eleven years, then converts his savings into an annuity that pays him $1,050 at the beginning of every three months for eight years. What is the size of the deposit he makes while he is saving? The size of the deposit is \$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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