Renalda is saving for a once-in-a-lifetime trip, to begin seven years from today. She plans to visit the South Pacific and Far East. Today she starts her savings plan; she will deposit $1,500 at the end of each of the next seven years into a 5% savings account.

a. What amount will she have in her account when she begins her trip?

b. What amount of the total will be from her own deposits and what amount will she have earned in interest?