(Complex annuity) Upon graduating from college 35 years ago, Dr. Nick Riviera was already thinking of retirement. Since then, he has made deposits into his retirement fund on a monthly basis in the amount of $150. Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned 8.8% interest compounded monthly.

a. How much has Nick accumulated in his retirement account?

b. In addition to all this,

15 years ago, Nick received an inheritance check for $25,000 from his beloved uncle. He decided to deposit the entire amount into his retirement fund. What is his current balance in the fund?

Part 1

a. Since graduating from college

35 years ago, Dr. Nick Riviera has made deposits into his retirement fund on a monthly basis in the amount of $150. If his retirement fund has earned 8.8% interest compounded monthly, how much has Nick accumulated in his retirement account?

(Round to the nearest cent.)

Part 2

b. Nick received an inheritance check for $25,000 from his beloved uncle 15 years ago and deposited the entire amount into his retirement fund earning 8.8% interest compounded monthly. How much has this amount accumulated in the retirement account?

(Round to the nearest cent.)

Part 3

What is the current balance in Nick's retirement fund?

(Round to the nearest cent.)