Suppose a certain hardware store has been in business for a few years and is doing well. The owner has decided to save for a future expansion to a second location. He invests $4,000 at the end of every month at 12% interest compounded monthly. (Round your answers to the nearest cent.)

(a)

How much (in $) will be available for the second store after 4

1

2

years?

$

(b)

How much (in $) would be in the account if the owner saved for 9 years?

$