Use technology to compute the balance in each of the following accounts.

a. An account with annual compounding, an APR of

13%,

and an initial deposit of

$300,

after

5

yearsb. An account with annual compounding, an APR of

2%,

and an initial deposit of

$214,

after

532

years

a. After

5

years, the balance obtained by investing

$300

at a rate of

13%

with annual compounding, will be

$enter your response here.

(Round to the nearest cent as needed.)