For $14$ years, Janet saved $$950$ at the beginning of every month in a fund that earned $5\mathrm{.}75\%$ compounded annually.

a$.$ What was the balance in the fund at the end of the period?

Round to the nearest cent

b$.$ What was the amount of interest earned over the period?

A contract requires lease payments of $$900$ at the beginning of every month for $7$ years.

a$.$ What is the present value of the contract if the lease rate is $3\mathrm{.}75\%$ compounded annually?

Round to the nearest cent

b$.$ What is the present value of the contract if the lease rate is $3\mathrm{.}75\%$ compounded