Beau and Shaleah each get a $1000 bonus at work and decide to invest it. Beau puts his money into an account that earns an annual interest rate of 6.5%, compounded yearly. He also decides to deposit $1200 each year. Shaleah finds an account that earns 6.5%, compounded monthly, and decides to deposit $100 each month.
a. Compare the amounts of money that Beau and Shaleah deposit each year. Describe any differences or similarities.
b. Compare the balances of Beau's and Shaleah's accounts over several years. Describe any differences or similarities.