You will make annual deposits of $4,000 into a savings account for the next 15 years (i.e., there will be total of 15 annual deposits). The account offers an interest rate of 3%. You plan to make the first deposit next year (t = 1).

A. What is the value of the account in 15 years (t = 15)?

B. What is the value of the account in 20 years (t = 20)?

Assume that you will not make any other withdrawals or deposits into the account.