Question $4$ of $8$

An investment of $$13,000$ is growing at $3\%$ compounded semi$-$annually.

a$.$ Calculate the maturity value of this investment at the end of year $1.$

Round to the nearest cent

b$.$ If the interest rate changed to $5\%$ compounded monthly at the end of year $1,$ calculate the maturity value of this investment at the end of year $3.$

Round to the nearest cent