Question: *** Due at midnight tonight! Please help!*** 1. [-/7.14 Points] DETAILS MY NOTES Luis has $140,000 in his retirement account at his present company. Because

*** Due at midnight tonight! Please help!*** 1. [-/7.14 Points] DETAILS

*** Due at midnight tonight! Please help!***

MY NOTES Luis has $140,000 in his retirement account at his present

1. [-/7.14 Points] DETAILS MY NOTES Luis has $140,000 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 $2000/quarter into the new account until his retirement 20 years from now. If the new account earns interest at the rate of 2.5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? (Round your answer to the nearest cent.) $

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