ques1 and 2 solution required

1. Rebecca has set up a savings account to save for a down payment on a car. She will deposit $385 at the beginning of each three months for six years into a savings account. The account earns interest at 6.8% compounded quarterly. a) Find the future value of the account at the end of six years. (4 points) b) How much interest will the account have earned. (2 points) 2. Mill, Ltd. has issued commercial paper which sold for $498,000 and which will mature in 80 days at $500,00. Find the equivalent annual interest rate. Express your answer to four places after the decimal point. (Example: 0.1234 ) (2 points)