Q3.

(a) Suppose that you start a savings plan by depositing omr 1,000 at the beginning of every year into an account that offers 8% per year. If you make the first deposit today (1/1/2021), and then three additional ones at the beginning of the next 3 years, how much will you have accumulated after four years (at the end of 31/12/24)?

(b) What if you made the first deposit at the end of the year (31/12/2021) and then three additional ones at the end of the next 3 years, how much will you have accumulated after four years(at the end of 31/12/24)?