Pls answer all parts with explanations a and b also what is the holding period return ( compound and simple rounded to the nearest cent.Thx

Future value. Jack and Jill are saving for a rainy day and decide to put $50 away in their local bank every year for the next 25 years. The local Up-the-Hill Bank will pay them 7% on their account. a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 25 years? b. Unfortunately, Jack had an accident in which he sustained head injuries after only 10 years of savings. The medical bill has come to $700. Is there enough in the rainy-day fund to cover it? a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 25 years? $ (Round to the nearest cent.) Post-it's Notes are Recyclable www.Post-It.com t-it Post-it Post-it re Recyclable www.Post-il.com er Post-it Pos Clear All O Post-its Notes are Recy's a