Luis has $100,000 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 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.)

Answer rating: 100% (QA)

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