Having earned a bonus at hiswork, Rick placed the money in an investment earning 5.84% compounded monthly. He withdrew $246 at the end of every month for the next 8 years.

(a) What was the amount of thebonus?

(b) If he made all of the withdrawals asplanned, how much interest waspaid?

(a) The amount of the bonus is $

nothing

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

(b) The interest paid is $

nothing

.