Bramble Company deposited $40,000 annually for 6 years in an account paying 5% interest compounded annually. What is the balance of the account at the end of the 6th year? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table.

Account at the end of the 6th year

$enter the balance of the account at the end of the 6th year in dollars rounded to 2 decimal places