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Joseph Ray just received an inheritance of $42,125 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 5.25%

Joseph Ray just received an inheritance of $42,125 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 5.25% per year with quarterly compounding for 30 years, how much will he have accumulated? (Round off to the nearest dollar.)

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