If you deposit $150 every month into an account which pays 4.5% interest, compounded monthly, how much money will you have in your account after 8 years?

Round your answer to the nearest whole dollar.

$

Suppose you were to deposit a lump sum today, instead of making monthly deposits. How much would you need to deposit today in order to end up with the same amount in the account?

Round your answer here to the nearest whole dollar.

$