Question: Luis has $ 1 8 0 , 0 0 0 in hisretirement account at his presentcompany. Because he is assuming a position with another company,
Luis has $ in hisretirement account at his presentcompany. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a newaccount. Luis also plans to put $ quarter into the newaccount until his retirement years from now. If the new account e arns interest at the rateof Year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use thecompound interest formula andthe annuity formula. Round your answer to the nearest cent. $
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