You plan to deposit $3,000 at the end of each year in an account that pays 7% interest per year. How much will the account be worth at the end of 5 years (Enter the final answer as a positive number and round your answer to 2 decimals) ?

You want to have $20,000 available at the end of five years. How much would you need to deposit at the end of each year in an account earning 8 percent interest to make this possible if the interest is compounded annually (Enter the final answer as a positive number and round your answer to 2 decimals) ?