To establish a "rainy day" cash reserve account, a certain company deposits $13,000 of its profit at the end of each quarter into a money market account that pays 1.65% interest compounded quarterly. (Round your answers to the nearest cent.)
(a)
How much (in $) will the account be worth in 4 years?
$
(b)
How much (in $) will the account be worth in 5
1
2
years?