1. Suppose that $1000 was deposited on January 1, 1989, into a savings account paying 8% interest compounded quarterly, and an additional $100 was deposited into the account at the end of each quarter year. How much would have been in the account on January 1, 2000?
2. Savings Account Suppose that you opened a savings account on January 1, 2014 and made a deposit of $100. In 2016, you began depositing $10 into the account at the end of each month. If the bank pays 2.7% interest compounded monthly, how much money will be in the account on January 1, 2020?