Question 2 [8 Marks] a. Suppose $50|0 is initially placed in a savings account and $500 is deposited at the end of every month for the next year. If interest is at 6% compounded monthly, how much is in the account at the end of the year? b. Suppose the amount of an annuity due that consists of 13 yearly payments of $150, provided that the interest rate is 4% compounded annually. Compute the amount of annuity due