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At the time of her​ grandson's birth, a grandmother deposited ​$1,000 in an account. The  account was paying

4.0​% interest compounded monthly.

 

a. If the rate did not​ change, what was the value of the account after

17 ​years?

b. If the money had been invested at 4.0​% compounded​ quarterly, what would the value of the account have been after 17 ​years?

 

a. The value of the account will be ​??

 (Round to the nearest​ cent.)

 

b. The value of the account will be ??

​(Round to the nearest​ cent.)

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