Quantitative Problem 1: You plan to deposit $2,200 per year for 4 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today.
1. What amount will be in your account at the end of 4 years? Round your answer to the nearest cent. Do not round intermediate calculations.
2. Assume that your deposits will begin today. What amount will be in your account after 4 years? Round your answer to the nearest cent. Do not round intermediate calculations.