You decide to save $3,000 at the end of each year for the next 17 years. If your savings earn an annual interest rate of 3%, how much will you have saved up by the end of 17 years? Round to the nearest cent.

You plan to make monthly deposits of $1,000 into an account at the beginning of each month for the next 11 years. If you can earn 3.4% interest, what will your final balance be by the end of 11 years? Round to the nearest cent. [Hint: Beginning of period monthly cash flows!]