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(Future value of an annuity) Upon graduating from college 35 years ago. Dr. Nick Fiviera was already planning for his retirement Since then. he has

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(Future value of an annuity) Upon graduating from college 35 years ago. Dr. Nick Fiviera was already planning for his retirement Since then. he has made deposits into a retirement fund on a monthly basis in the amount of $150. Nick has just cormpleted his finol payment and is at last ready to retire. His retirement fund has earned 7 percent compounded monthly Use five decimal places for the periodic interest rate in your calculations. a. How much has Nick accumulated in his retirement account? b. In addition to this, 15 years ago Nick received an inheritance check for $20,000 from his beloved uncle. He decided to deposit the entire amount into his refirement fund. What is his current balance in the fund? a. The amount Nick has accumulated in his retirement account is 1 (Round to the eiearest cent) b. The amount the $20.000 inheritance check has accumbilated to ever 15 years ia 5 (Round to the nearest cent.)

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