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(Future value of an aneulty) Upon graduating from colege 40 years ago, Oc. Nick Rivera was abready planning for his relirement. 5 ince then, he

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(Future value of an aneulty) Upon graduating from colege 40 years ago, Oc. Nick Rivera was abready planning for his relirement. 5 ince then, he has made deposits into a restrement fund on a quartery basis in the amount of 5250 . Nick has just completed his final paymeot and is at last ready to retio. His rotirement fund has earned 7 percent congounded quarterly. Use five decimal places for the periodic interest rate in your calculationt. a. How much has Nick acoumulated in his retireenent account? b. In adstion to this. 20 years ago Nick received an hheritance check for $30,000 hom his beloved uncle. He decbed to depost the entire amount inlo his retremert fund. What is his ament bolance in the find? The amouns Nick has ascumulated in his retroment account is 1. (Round to the nearest cent)

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