Having earned a bonus at his work, Rick placed the money in an investment earning 4.98% compounded monthly. He withdrew $395 at the end of every month for the next 8 vears. (a) What was the amount of the bonus? (b) If he made all of the withdrawals as planned, how much interest was paid?

Having earned a bonus at his work, Rick placed the money in an investment earning 4.98% compounded monthly. He withdrew $395 at the end of every month for the next 8 years. (a) What was the amount of the bonus? (b) If he made all of the withdrawals as planned, how much interest was paid? (a) The amount of the bonus is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)