You want to receive $225 at the end of each year for 3 years. Interest is 11.1 % compounded annually.

(a) How much would you have to deposit at the beginning of the 3-year period?

(b) How much of what you receive will be interest?

a) The deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b) The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)