(5) An account was opened on January 1, 1999 with a deposit of $12,000. Additional deposits of $100 each were made to the account on the last day of each month for 5 years, with the first of those deposits occurring on January 31, 1999. Withdrawals from the fund of $1000 each on the first day of each quarter are scheduled to start on January 1, 2006. Interest is credited at nominal 8% per year compounded monthly. Find the balance in the fund on December 31, 2010. (Ans $19,261 to nearest dollar)