To supplement your​ retirement, you estimate that you need to accumulate ​$360,000 exactly 36 years from today. You plan to make​ equal, end-of-year deposits into an account paying 8% annual interest.
a. How large must the annual deposits be to create the ​$360,000 fund by the end of 36 ​years? ( round to nearest cent)
b. If you can afford to deposit only ​$1,570 per year into the​ account, how much will you have accumulated in 36 years? ( round to nearest cent)