Adam is planning for his retirement. Starting January 2022, he will deposit $2,000 to a pension account at the end of the month for the first 9 months of the year (i.e., 9 monthly deposits from January to September, no deposit for Oct, Nov. and Dec.). He will continue this contribution pattern for totally 20 years (2022 - 2041). How much will be accumulated at the end of 2041 (Dec. 31, 2041). Assuming the pension fund guarantees an annual interest rate of 12%, compounded monthly. (Note: funds will continue gain interests in Oct., Nov. and Dec. when there is no deposit!) $1,390,900.