Salvatore will contribute $500 to a mutual fund at the beginning of each calendar quarter.

a.What will be the value of his mutual fund after 6 1/2 years if the fund earns 7.6% compounded annually?(Do not round intermediate calculations and round your final answerto 2 decimal places.)

b.How much of this amount represents investment earnings?(Do not round intermediate calculations and round your final answerto 2 decimal places.)