Question: Question 5 This question has two parts. First, answer Part A. Then, answer Part B. Part A SAVINGS A company has a bonus incentive

Question 5 This question has two parts. First, answer Part A. Then, answer Part B. Part A SAVINGS A company has a bonus incentive for its employees. The company pays employees an initial signing bonus of $1000 and investS that amount for the employees. Suppose the investment earns 8% interest compounded quarterly. a. If an employee receiving this incentive withdraws the balance of the account after 5 vears, how much will be in the account? Round to the nearest cent. about $ Part B b. If an employee receiving this incentive withdraws the balance of the account after 35 years, how much will be in the account? Round to the nearest cent. about $

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