As a fringe benefit for the past 8 years Colin's employer has contributed $50 at the end of each month onto an employee recruitment account for Colin that pays interest at the rate of 5%/ year compounded monthly. Colin has also contributed $1000 at the end of each og the last 10 years into an IRA that pays interest at the rate of 9%/year compounded yearly. How much Colin have in his retirement fund at this time?