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Unsure of the answer 25. [1/2 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACT Sam deposits $400 at the end of every month

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25. [1/2 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACT Sam deposits $400 at the end of every month in an account that pays 6%, compounded monthly. How much will he have at the end of 2 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $

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