These are part of the same question

11. a. Denis deposits $100,000 dollars in a Money Market Account with Charterone Bank. The bank is offering to pay 4.35% interest for 5 years. Calculate the "interest factor" if coupounded monthly. (Note: compounded monthly)

a. 1.2437

b. 1.2435

c. 2428

d. 1.2425

11. b. Next, Denis will invest $500 every month, at the end of month, beginning one month from today, for the next thirty years. The account is expected to earn 4.25%, coupounded monthly. What will the balance be in 30 years?

a. 36,2915.22

b. 373,370.33

c. 383,322.22

d. 393,225.06