Question: 7. + -18.33 points TanFin11 5.2.021. RMy Notes Luis has $190,000 in his retirement account at his present company. Because he is assuming a position

 7. + -18.33 points TanFin11 5.2.021. RMy Notes Luis has $190,000

7. + -18.33 points TanFin11 5.2.021. RMy Notes Luis has $190,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until his retirement 30 years from now. If the new account earns interest at the rate of 4.5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.) Submit

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