Bob deposits $$1950$ at the beginning of each quarter for $20$ years in a fund earning a nominal rate of interest of $5\mathrm{.}2\%$ convertible monthly. The interest from this fund is paid out monthly and can only be reinvested at an effective annual rate of $4\mathrm{.}3\%.($a$)$ Compute the balance of the deposit account earning a nominal rate of interest of $5\mathrm{.}2\%$ convertible monthly at the end of $23$ year. $ $($Use $2$ decimal places.$)($b$)$ Compute the balance of the reinvest account at an effective annual rate of $4\mathrm{.}3\%$ at the end of $23$ year. $ $($Use $2$ decimal places.$)($c$)$ Compute the total accumulated value of Bob's investments at the end of $23$ year. $ $($Use $2$ decimal places.$)$ Submit Question