Answer the following question from the previous chapters:

a. You plan to make monthly deposits of $2,000 into an account at the beginning of each month for the next 9 years. If you can earn 4.1% interest, what will your final balance be by the end of 9 years? Round to the nearest cent. [Hint: Beginning of period monthly cash flows!]

(Not $260,657.30, that was my original)

b. You have $36,000 in an account earning an interest rate of 4%. What are the equal beginning-of-month withdrawals you can make from this account such that it is completely depleted with the last withdrawal at the beginning of the last month in 21 years? Round to the nearest cent. [Hint: The amount in the account today is the PV of an annuity due where the withdrawals are the annuity cash flows. There will be a total of 21 x 12 withdrawals.]