Travis saved $110 at the end of every month for 3 years in his bank account that earned 4.50% compounded monthly.

a. What is the accumulated value of his savings at the end of the period?

$4,105.87

$4,231.27

$62,772.54

$271.27

b. What is the interest earned over the period?

$161.27

$4,231.27

$381.27

$271.27