40. Wei Min opens a retirement account that pavs 8% opens a retirement account that pays 8%/year/month. For the next 30 years he deposits $300 per month into it, with all deposits occurring at the end of the month. On the day of the last deposit, wel min retires. As a benefit to retirees, the bank increases the interest rate to 12%/vear/quarter from that time on. His first withdrawal will occur exactly 2 years after his last deposit. He then plans to make equa quarterly withdrawals from the account. a. What is the balance of the account immediately after the last monthly deposit? 1