To establish a "rainy day" cash reserve account, a certain company deposits $14,000 of its profit at the end of each quarter into a money market account that pays 1.55% interest compounded quarterly. (For each answer, enter a number. Round your answers to the nearest cent.) (a) How much (in $) will the account be worth in 2 years? $ (b) How much (in $) will the account be worth in (31/2) years? $ What is it called when the payment is made at the beginning of each period? coupon payment annuity certain installment payment O annuity due Benigno deposited $1,000, at the end of every month for 1 year in a savings account. If the account paid 6% interest, compounded monthly, use Table 12-1 from your text to find the future value of his account. $1,000.00 $12,027.54 $12,335.56 $16,869.94 Use Table 12-1 of your text to find the future value of $200 deposited at the beginning of every year, for 13 years if the bank pays 12% interest compounded annually. $4,826.63 $5,605.82 O $6,278.52 O $6,478.52