Jamie purchases a retirement annuity that will pay her $2,500 at the end of

every six months for the first ten years and $100 at the end of every month for

the next four years. The annuity earns interest at a rate of 4.2% compounded

quarterly.

a. What was the purchase price of the annuity?

Round to the nearest cent

b. How much interest did Jamie receive from the annuity?

Round to the nearest cent