1. What is the interest when $37 is deposited today into an account that earns 12.99% compounded monthly for 2 years?
   
   
   
   
2. What is the interest when $37 is deposited into an account each month for 2 years at 12.99% compounded monthly?
   
   
   
   
   
   
   
   Show work to determine that the interest is $119.84 and $10.91 respectively.