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To establish a rainy day cash reserve account, a certain company deposits $13,000 of its profit at the end of each quarter into a money

To establish a "rainy day" cash reserve account, a certain company deposits $13,000 of its profit at the end of each quarter into a money market account that pays 1.65% interest compounded quarterly. (Round your answers to the nearest cent.)

(a)

How much (in $) will the account be worth in 4 years?

$

(b)

How much (in $) will the account be worth in 5

1

2

years?

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