Marcus buys a $1250 certificate of deposit (CD) that earns 6.6% interest that compounds monthly. How much will the CD be worth in 8 years? Express your answer rounded to the nearest cent. $ Marcus...

Marcus buys a $1250 certificate of deposit (CD) that earns 6.6% interest that compounds monthly. How much will the CD be worth in 8 years?
Express your answer rounded to the nearest cent.

$

Marcus gets an offer from another bank that is also paying 6.6% on CD's, but is compounding interest daily. How much will a $1250 CD be worth in 8 years?
Express your answer rounded to the nearest cent