With Individual Retirement Accounts (IRAs), a worker whose income does not exceed certain limits can deposit up to a certain amount annually, with taxes deferred on the principal and interest. To attract depositors, banks have been advertising the amount that would accumulate by retirement. Suppose a 40-year-old person deposits $2000 per year until age 65. Find the total in the account with the interest rates stated in Exercises. Assume semiannual compounding with payments of $1000 made at the end of each semiannual period.

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