Sean contributed equal deposits at the end of every month for 2 years into an investment fund. He then decided to stop making payments and left the money in the fund to grow for another 2 years. The fund was earning 4.05% compounded monthly for the entire period and the accumulated amount at the end of the term was $110,000.

a.Calculate the amount in the fund at the end of 2 years.

b.Calculate the size of the periodic deposits into the fund.